http://www.perthnow.com.au/news/western-australia/perth-real-estate-micro-blocks-of-80sqm-to-go-on-sale/news-story/fb75cd088bc1186db42ddf87033ea375

This is a new development in WA but apparently is happening in QLD & elsewhere. The price of land is still relatively expensive but if planned well can help first home buyers who prefer lower maintenance with nearby facilities like parks etc.