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

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

Archive