Income and wealth distribution by state

Monday, September 12, 2016

High wealth, high income

What are the high wealth, high income states? Western Australia is leading in terms of both income and wealth, with $133,224 and $952,500 respectively, which is well above the average household annual gross income of $107,276 and average household net worth of $809,900.

However, over the last year particularly, the impact of the mining slowdown has affected earnings and also wealth. The reliance on the mining sector and the fluctuation of income and wealth based on the fortunes of this one sector are highlighted in the fact that between 2012 and 2014, the household incomes of those in Western Australia rose by 21% which was almost double that seen in the leading east coast state of New South Wales, and the wealth in this 2 year period increased by 24%, again almost double on what we saw from the best performing east coast states.

Top performing states

New South Wales is the most consistent performer in wealth and income, and the only other state to have both income and wealth about the national average (12% on income and 13% on wealth). It has a stable economy, with the largest infrastructure investments in the nation, a broad base of industries and consequently solid forward forecasts.

The Northern Territory, like Western Australia has been fluctuating, and while it has average income above the national average, its wealth is below the national average. Queensland, while improving in both income and wealth is below the national average on both as well. And Victoria while seeing solid gains in both income and wealth, with wealth largely due to the housing market above the national average, its income has still not quite reached the national average.

Worst performing states

The worst performing states are Tasmania, with incomes 26% below the national income and wealth average, as well as South Australia which is 19% below the average household income and 20% below the national net wealth.

While household income gains have been low in some states (a total of 6% gain since 2012 in South Australia, Tasmania and the Australian Capital Territory over the last 2 years), at least all of the states have had an increase in incomes, but such has been the change in property prices and the rise in living costs, the Northern Territory, South Australia, Tasmania and the Australian Capital Territory have all seen a slight fall in average household wealth since 2012.

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

What Makes a City the Most Liveable?

Wednesday, July 20, 2016

What makes a state or city liveable? Is it the low crime rate, affordability, ease of travel or is it simply the weather? We have compared some of the major factors and revealed what Aussies really think.

Affordability

If you take the average weekly earnings, subtract the average weekly mortgage repayments based on house costs, you find that NSW doesn’t do too well, it is earning 20% above the average, but the houses are 64% above the average, so NSW works out to be the worst in terms of income after housing. But WA is on top of the charts, with the ACT doing pretty well also.


Ease of travel

We took the centre of population of each of our capital cities, the mid-point of the population sprawl where as many people live north, as south of this point, and as many east, as west. From this centre of living we measured the average, non-peak hour driving time to the centre of the CBD marked by the GPO of each capital. We found that as we would probably expect, Sydney was the longest drive, about 33 minutes to get from the centre of population to the centre of the city, but the quickest trip of all was Brisbane with just 8 minutes.


Crime rates

This is the number of offenders per annum, per 100 people and the Territories book end the data here, with the ACT with the lowest crime rate nationally and the Northern Territory as the highest crime rate and the other states right in the middle. As measured by crime rates, the ACT is Australia’s safest place to live.


Weather

We measured this by looking at the average number of sunny days - totally clear days in a year. Tasmania not doing too well with a lot of cloudy, overcast days, but WA takes the crown with the most number of sunny days in any given year.



Watch Mark McCrindle'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 presents families darwin alpha society child care wealth travel dessert follow SMSF greatness optus my business awards February 16 group speakers Andrew Duffin research pack shopping centre rise of local social researchers identity house customer religion Research Director 2016 story townhouses ashley fell Australians generation SRE high school moderators guide workplace financial fears leadership school satisfaction trends analyst criminal trends of 2016 interactive New Zeland teach local showreel employment financial future marrickville keynote 40 million micro apartments DIY HSC Christmas lunch cancelling event optus happiness wedding career professional speaker ipswich GPO crows nest demographic trends mentor suburbs census 2016 "know the times" results ageing population sector wide conference presentation marriage survey design income australian Northern Beaches REIV National Conference rent sydneysiders students Real Estate Institute of Victoria SA teleworking engage australians staying home more January 26th hornsby social commentator mateship Channel 7 Canberra EFF Word Up Assistant Store Manager jobs average sydneysider supply and demand research data entrepreneurs of today global royal thought leadership graphs DESTEL millionth gen alpha Charlotte rich millennials population internship culture Valentine’s Day technology trends australian social research land of the middle class perth demographics professional innovation cultural diversity Research Executive youth unemployment know the times Western Australia etiquette mythbusters tips qualitative research collaboration 24,000,000 acf15 Duchess of Cambridge ashley mckenzie mccrindle in the media personal growth Financial Planning Association of Australia new york times resilience baby name predictions product volunteering data global generations engagement future of work future of shopping emerging trends sydneycity balance demography 2020 google for education high density apartments speaker census results Aussies professional services population map learner poor summer newspaper Aussie couple list forum TED trends of 2017 rain royal influence baby infographic wall Australian demographics national private wealth baby names australia report trades purpose networking spirituality sydney event NSW woolworths 2014 shopping wellbeing year 12 professional presenters low density young people employers mccrindle office paying to work prince george mobile parents Australian Bureau of Statistics offenders office space ultimo English World Water Day real breakfast Christmas season marketing eliane miles consumer research report chairty dreaming contiki overcast church learn Adelaide capital cities conferences Royals australian communities trends report growing population cloudy days data Financial Planning Week focus groups communicate retirement public speaker huffington post research visualisation residents IT Specialists megatrends brisbane Australian Families renter of the future media release ACT CBD menai mother's day apartments baby boom anzac rising house prices fresh New Zealand goal NT Australian communities WA census Merry Christmas digital Res Vis economy housing video faith Sydney conference 2013 state recap 1994 cultural diveristy nfp non profit lalor park social mining boom wolloomooloo Work place deloitte curiosity 2016 census results screenage sydneysider social commentary stats educhat slideshare builders potts point spend food national wealth housing growth kate middleton ideas VET TED talk future of education bondi parenting suburb urban living index 10 years communities long weekend education litter mythbusting house price new office Myth equip average Australian generational trends travelling NBRS New South Wales internet 24 million apartment tableau organisational culture gold coast storytelling cancelling plans water Do It Yourself environmental scanning Australian community trends sector intern business fears snapshot Wagga Wagga Tasmania Scouts cash holiday shifts bus selfie christmas norwest safe Population Clock commute friendship Education Future Forum speakers pack coffee seasons medicine local communities easter organisations unemployment logan google training rental stress leader community engagement 23 million women wealth distribution System's Architect Australian schools 2016 census suburban living relational winter blues property price culturally diverse statistics teaching NBRS Architecture sports stay home population growth australia baby names report social trends ageing going out urban Caregiver school Deaths affordability Northern beaches Event transport sunny days Skilling royal family resource society trends australian communities forum ACF 2016 SMART trend tuesday average aussie sustainable annual income easy rider insight Engineering Manager Tuesday Trend winter mortgage gender population milestone capital city household insights home university presentation business index generations tv The ABC of XYZ future proof keynote speaker priorities aged care puzzle ACF Christchurch language visualisation 2017 train Tuesday Trends social impact the changing face of Wodonga staying in public speaking Gen X experience Vocational education socialising in depth interviews hobart national crime rates relevant house prices census fail royal baby Australian Dream social research ACF17 James Ward 1980 event baby name outsourcing Gen Y publication hills shire 2015 narcissism business performance toys volunteer report ease of travel urban living living Real Estate community event sentiments social issues father's day post rationalism not-for-profit environment mccrindle tea conference speaker owning a home sector wide study media activity trend Kirsten Brewer TDE education future report cars celebration urban taskforce the great screenage market research facts careers dare to dream education future focus group workplace culture social analysis repayments professional development wealth and income distribution local community plans community monarchy social enquiry wage leadership workshop schools students tea internships social media eliane impact gen z educated data analyst Mark McCrindle sun media commentary middle class Territory men investment charity mover and shaker participants award winner faux-cilise responsive university degree hello fresh entertainment high density TEDx skills media meetings award cost staff social shifts neutral bay PSI crime pyrmont names workshop VET sector brand experience data visualisation high density living cartodb NEETs Australia street housing trends households wealth and income motivate waverton teachers energy Kiwi goals property market program Crime Rates Queensland: QLD demographer personalities poker master schools news case study baby names analysis Queensland global financial crisis forecast mccrindle research hills twentyseventeen infographics earning define Generation Y meals Hills Shire Council authenticity infographic belief click sydney hills faux-ciliser social lives student states Melbourne future not for profit aged care victoria office opening renting Australian Census 1968 social researcher emerging generations debt socialites census data cancel plans sydney speaker social life Australia Day aussie culture Geoff Brailey government Northern Beaches Christian School investor #censusfail millenials youth change city princess charlotte Australian Home Macquarie University marriages financial dreams finance dream group session online FPA shopper's pick blaxland Channel Seven Financial Planning Association debate proactive CPI geomapping entrepreneur home ownership public holiday 1975 futurist commuters Sydney Hills Business Chamber consumerism cica micro future-proof affordable clothing panel visual grave decision faux-cilising sunburnt country ethnography volunteers optimistic buildings work area JOMO family baby boomers communication Hornsby Shire Council FOMO divorce rate jobs of the future weather research services cold ferry Love collaborative baby name trends christian car generation alpha cost of living work mates Northern Territory ACF2017 online shopping Netflix rule keeper tertiary education researcher 2012 quote salary the hills shire increasing densification christianity education research research study communications brands tuesday earn year 7 unaffordable hopes forecasting holidays domestic emerging technologies sydney metro moreton bay school students pharmacies housing market Australian Communities Trends work-life manly small business pharmacy thrive changing face of sydney world children workforce bureau housing affordability friends future proofing social change brand economic omnibus healthy future young australians typical australian daily commute teacher in the media life village Social Trend challenge demographic transformations financial Wellington budget NFP event demographic generation Z politics REIV Conference education sector Births investing grandparents vegetarian lifestyle Australia Day 2017 daily telegraph presentations tattoos ABS TAS house price rise weekly earnings growth financial independence learning Bathburst innovative world youth day the australian dream the average aussie Australian Trends the hills entrepreneurial wages McCrindle Speakers learning styles cooking VIC survey Australian Population divorce shbc property The Daily Edition Generation X earnings South Australia home owner Sydney keynote speaker vegemite events

Archive