A Snapshot of Australia's Housing Market

Monday, August 01, 2016

Owning a home is the great Australian dream, but with 30% of Australians renting, could our love affair with bricks and mortar be turning sour? Our Aussie states go head to head as we compare affordability for buyers and renters.

How many Australians own their home outright and how many have a mortgage?

2 in 5 (40%) Australians are trying to own their own home and slowly pay it off, with the smallest category of all, 28%, being lucky enough to have paid off their home in full.

How do the capital cities compare when it comes to renting an apartment?

As you would expect, Sydney ranks as the most expensive city, costed at about $500 per week for your average apartment. Amazingly, Darwin is up there as well due to more more demand than supply and with not the same investment in stock. Meanwhile, if you move down to Hobart, it is almost half that, paying about $270 per week, and Adelaide not much beyond that at $370.

What if you are looking to buy a home, how much is that?

Sydney is still leading Australia by a long way with almost a $1,000,000 median house price. A distant second is Melbourne, at over $800,000. If you look down to Hobart, the median house price is $357,000, so that means using the money spent on a home in Sydney, you could buy about 3 homes in Hobart – and a pretty good lifestyle down there as well.

Looking at Australia as a whole, what is the percentage of apartments to houses?

About 3 in 4 Australians live in a detached home, so that’s traditionally been the Aussie dream. Then you have about 14% who live in apartments and 10% in townhouses. We are starting to see a change though, with a quarter of Australians now living in medium to high density housing. At the moment if you look at new housing approvals, it's 1 in 3, so it has gone up. If you look at Sydney and Melbourne, 2 in 3 new housing approvals are in medium to high density living. So we are starting to get more densified, with an increase in vertical communities compared to the more traditional horizontal ones, and that’s where we are headed in the future.

Watch Mark's full interview on The Daily Edition here

Welcome to our blog...

We have a passion for research that tells a story, that can be presented visually, that brings about change and improves organisations. And we hope these resources help you know the times.

Our Social Media Sites

Facebook | McCrindle Research Social Media YouTube | McCrindle Research Social Media Twitter | McCrindle Research Social Media Flickr | McCrindle Research Social Media Pinterest | McCrindle Research Social Media Google Plus | McCrindle Research Social Media LinkedIn | McCrindle Research Social Media Mark McCrindle Slideshare


Last 150 Articles


Tags

menai future proofing DIY buildings shopper's pick parents meetings hills shire offenders market research consumerism healthy future royal family rent social media workplace culture stay home cost the changing face of shbc trend tuesday debt 40 million logan Australian schools narcissism FOMO new office PSI sunny days forecast women resilience water generational trends generation alpha life Christmas season toys vegemite baby Wodonga faux-ciliser living interactive Northern Territory financial future debate sector wide study house prices personal growth mccrindle tea friends EFF focus group data analyst workplace university communication dessert sydney metro Northern Beaches public holiday Australian communities Territory medicine demographic trends travelling ACT megatrends aussie culture post rationalism office space in depth interviews social lives employment manly social impact thrive social researcher Education Future Forum conference speaker Australian Home easy rider hornsby digital poor moreton bay social life community engagement cold 2020 Queensland CBD school networking australia insight engagement personalities challenge australian social research spend baby name rule keeper IT Specialists high density increasing densification ultimo tertiary education trend celebration capital cities urban living index wolloomooloo entertainment group session transport culturally diverse sydneysiders Assistant Store Manager census fail affordability Christmas lunch changing face of sydney social issues visual ethnography wage Financial Planning Association of Australia Australian demographics ageing Births jobs Tuesday Trends baby boom TDE World Water Day media release publication Australians Wagga Wagga future of education wellbeing sydneycity real ACF 2016 Netflix social researchers generation Z forecasting know the times lifestyle cloudy days 2015 Northern beaches Event tv dare to dream census public speaker students social change affordable commute residents curiosity careers gender prince george mining boom mccrindle research cars SMSF Merry Christmas change Mark McCrindle 24,000,000 mortgage VIC grandparents financial eliane office REIV National Conference princess charlotte eliane miles media activity entrepreneurial parenting tuesday 1994 government 2016 census results trends fresh analysis royal influence cancelling plans earning neutral bay business index English Christmas presents wealth and income distribution 2012 environment in the media housing trends data aged care puzzle brisbane language trends analyst event economy local communities australians staying home more population milestone children Australia Day communicate weekly earnings qualitative research men holiday survey design happiness 1975 mccrindle blaxland generations learn generation teacher investing Charlotte cost of living emerging generations Generation X intern 2013 #censusfail cancel plans student cash wedding bondi DESTEL youth dream small business balance renting Kiwi HSC national wealth rise of local mobile population map tea Australian Dream NT 24 million renter of the future Australian Trends results social contiki ACF faux-cilising rental stress urban living suburban living car criminal young people australian communities trends report salary technology wealth the australian dream young australians year 12 gen z acf15 youth unemployment marriage sector wide marrickville conferences learner royal Myth rising house prices energy australian communities forum conference research pack goal staying in easter schools students visualisation researcher middle class entrepreneurs of today builders waverton Channel 7 low density education sector coffee home ownership experience monarchy aged care millionth winter commuters McCrindle Speakers organisational culture lalor park goals participants Adelaide millennials social shifts Australian Communities Trends REIV Conference the average aussie shifts future-proof ageing population going out financial dreams pharmacies global brands land of the middle class professional speaker WA 1980 census results hopes tattoos January 26th society trends news Geoff Brailey Word Up baby names social research JOMO future proof proactive millenials university degree budget rich education future education research world Canberra brand experience New Zeland work environmental scanning Royals future of work not-for-profit housing affordability Aussies Duchess of Cambridge twentyseventeen priorities focus groups entrepreneur employers communities summer repayments video baby name predictions names new york times Channel Seven not for profit earnings investor annual income optimistic nfp state townhouses Love survey home Tasmania wealth and income leadership workshop GPO woolworths gold coast global financial crisis public speaking sydney event travel socialising vegetarian fears Queensland: QLD mccrindle in the media housing staff learning styles Generation Y national private wealth friendship The ABC of XYZ facts New Zealand study property price wealth distribution online shopping click educhat 10 years darwin clothing presentation leadership unemployment relevant ideas New South Wales unaffordable greatness organisations collaboration futurist events data visualisation marketing conference presentation kate middleton economic etiquette gen alpha litter consumer property market pyrmont weather NEETs demographic Aussie resource Caregiver online responsive insights seasons hello fresh office opening shopping tableau owning a home research visualisation 1968 Western Australia city education future report learning future February 16 award product baby name trends sustainable ABS brand community event marriages engage ferry follow 2017 presentations panel couple households sydney speaker keynote population business Real Estate Institute of Victoria education safe omnibus mover and shaker meals report religion christian paying to work ashley fell population growth internet program cultural diversity overcast mythbusting ease of travel newspaper Gen X Sydney keynote speaker graphs Valentine’s Day Australian Bureau of Statistics leader 2016 census Sydney research data Hornsby Shire Council pharmacy victoria demographics Scouts financial independence communications teleworking school students high school Deaths slideshare internships deloitte award winner daily commute suburb urban taskforce income retirement teaching suburbs story NSW socialites states world youth day social commentary tips society The Daily Edition mother's day group housing growth research urban domestic sentiments typical australian year 7 supply and demand stats rain emerging technologies speakers Wellington wages crows nest jobs of the future emerging trends Northern Beaches Christian School google forum Australian Census list social trends bus ipswich career mythbusters apartment plans customer professional area infographic media Gen Y royal baby potts point crime research services financial fears alpha cooking cancelling event village define work-life investment community sports dreaming 2014 recap innovative baby boomers demographer winter blues culture schools Do It Yourself google for education demographic transformations media commentary Tuesday Trend divorce collaborative high density living Financial Planning Week social commentator house price SA innovation long weekend high density apartments TAS Melbourne workforce infographic wall selfie Engineering Manager thought leadership internship Res Vis professional development property skills work mates professional services earn trends of 2017 23 million social enquiry school satisfaction local educated hobart politics teach house price rise 2016 Christchurch storytelling ashley mckenzie South Australia optus my business awards growth geomapping social analysis finance moderators guide housing market case study cartodb father's day growing population capital city System's Architect Kirsten Brewer train home owner motivate Financial Planning Association holidays christianity bureau optus church workshop Real Estate family Research Executive poker master national crime rates household food sun quote divorce rate relational sector Bathburst trends of 2016 teachers average aussie FPA Crime Rates mateship training authenticity volunteers anzac mentor huffington post "know the times" identity christmas statistics norwest Australian Families house Australia Day 2017 keynote speaker daily telegraph child care census 2016 outsourcing Population Clock non profit Social Trend perth equip global generations faux-cilise families snapshot sunburnt country charity

Archive