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

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

Archive