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


A Snapshot of Education Across Australia

Monday, July 18, 2016

We have been looking at different aspects of life in Australia and we are turning our focus on how each state rates when it comes to education. Are we more educated than we used to be? In 1986 49% of students completed year 12 and these days its fast approaching 90%.

Let’s talk about tertiary education across the generations

We are becoming an even cleverer country as measured by university completion so if we look at the Baby Boomers, 1 in 5 have a university degree, for Generation X, that’s 1 in 4, for Generation Y its 1 in 3 but for today’s school students, about 1 in 2 of them will end up with a university degree in their lifetime.



How does university attendance compare across the states?

If we look at 18 – 24 year olds, who are full time students, we have the ACT and Victoria leading the charge there and the other states not too far behind, while the Northern Territory is a fair way behind.




When looking at school performance, which state is performing the best as they hit year 7?

The NAPLAN results allows us to compare across Australia. If you look at the percentage of students in year 7 who are above the national minimum standard, again good results across the board. ACT and Victoria again leading Australia as far as the proportion of students above the standards. The other states are close behind, again with the Northern Territory a bit off the pace.


Having an education usually means a lower risk of unemployment, how did the states rate?

Pretty good, Australia as a whole is going very well, with 5.7% unemployment, that’s well below a lot of comparable nations. It has gone down this year, not up and if you look at the states that are doing better than that with a lower unemployment rate, the Northern Territory and ACT are performing best however some other states particularly South Australia and Tasmania are a bit behind.


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

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

Archive