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

Wealth and Income Distribution State V State

Monday, July 25, 2016


Australia has long been considered the land of the middle class, but in recent years the gap has been widening between the rich and the poor. When it comes to the battle of the states, which corner of Australia scores the highest and the lowest on the income and wealth report? Will the Baby Boomer generation continue their stronghold on our national wealth?

Is Australia still the land of the middle class?

It is hanging in there, but it’s under pressure. We have seen some hollowing out in the middle of the earnings and a bit of spread to either end. The average annual household earnings are around $107,000 however the lowest fifth of households earn 20% of this while the top fifth average almost three times this. That means that the top fifth of households are taking home about 12 times what the bottom fifth of households are earning.

Most Aussies have their wealth tied up in their homes, how does ownership compare with the top, middle and lower classes?

The average wealth (if you liquidate everything and pay off all your debts, what are you left with) is about $800,000. The bottom 1 in 5 have a net worth of just $35,000, the top 20% of all household have a net worth of about $2,500,000. That means that the top fifth of households have about 62% of Australia’s wealth, and the bottom fifth take less than 1% of Australia’s national private wealth. So that's a big difference in wealth across these households.

Which states are best and worst performers when we are looking just at income?

The mining boom in WA has really done a great thing over there and so they are leading the earnings chart, with the ACT not too far behind with public servant wages doing pretty well. At the bottom of the tree you have Tasmania, earning about $50,000 less per annum, per household, than what we have in the west.

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

Archive