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

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

Archive