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

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


research on coffee cars greatness TED talk event relational pharmacy house price rise eliane year 12 ashley mckenzie quote ferry grandparents facts Gen Z Expert public speaking socialising student Christchurch sustainable travelling volunteering overcast affordable collaborative ACF living Christmas data sydneysiders google for education victoria entrepreneurial tuesday ideas social media earn analysis SMART bus men ashley fell group session community event screenage finance gig cultural diversity optus average sydneysider staff Tuesday Trends McCrindle Keynote Speakers screenagers research vegetarian education future report faith results 2012 retirement commute social research qualitative research language schools Mark McCrindle in the media schools students educated speakers participants sydney speaker wealth and income distribution speakers pack US New Zealand hunger product mother's day hopes cost apartments clothing young people Australian Dream population milestone kate middleton internet Andrew Duffin education future long weekend Northern Beaches Christian School Channel 7 in depth interviews social impact millenials balance Australian Census sunny days future-proof travel Macquarie University bureau toys speajer office housing affordability staying in spirituality year 7 capital cities mentor Channel Seven click VET giving china meetings Cobbitty-Leppington in the media care support rent employers Christmas Stats employment organisations 24,000,000 online stay home EFF urban living world land of the middle class Sydney population property sydneycity DIY education home owner 2016 census results monarchy volunteer NBRS Real Estate earning ACT HSC housing USA social analysis survey design nfp cultural diveristy friendship workplace proactive holiday cartodb child care forecast etiquette VIC hornsby presentations Valentine’s Day culture World Water Day Financial Planning Association of Australia cancel plans Northern beaches Event small business Australian Families Christmas in Australia micro meals organisational culture Generation X optus my business awards university degree learning styles Melbourne cold acf15 VET sector gen alpha public transport sydney event community Gen Y families litter Christmas season entertainment future of work baby names report James Ward engagement millionth world youth day 2017 Myth focus groups New Zeland rising house prices Christmas day weather baby name mythbusting infographics the lucky country Jura Australia Do It Yourself perth Black Friday in Australia trends of 2016 Christmas presents cancelling plans SMSF shbc wealth inequality trends rich demographic trends mining boom social life marketing global generations poker master potts point tattoos January 26th 2015 innovation TEDx lalor park repayments faux-cilising Tuesday Trend Australian communities leadership high density society trends unemployment rise of local professional services census Financial Planning Week emerging generations thrive visualisation media city Hornsby Shire Council events christian marriages future of shopping IT Specialists aged care puzzle google workforce maiden holidays family sydneysider commuters high density living darwin Financial Planning Association networking Christmas lunch names christmas 2017 TED Tasmania work mates alpha learning research report 23 million office space award cooking australian social research australian communities forum food bank ageing surname dessert social commentary technology property development crows nest shopping centre New South Wales baby boom women internship easter know the times 24 million micro apartments summer tips Love public holiday innovative goal casual insight sunburnt country engage faux-cilise dreams future children happy holidays anzac CBD youth unemployment media commentary friends capital city Generation Y Aussies wealth growing population Willowdale seasons greetings Australian Home school students conference speaker brisbane snapshot work ultimo trades fears easy rider nativity scene generation Z sun new office skills dreaming Australian community trends christmas trees baby names future proofing generation alpha Jura Coffee census 2016 Queensland: QLD Engineering Manager Australia Day 2017 media activity HR follow workshop narcissism ACF 2016 wealth and income national private wealth budget mobile paying to work communities financial independence NT hills dare to dream politics social enquiry report investment millennials sector wide TEDx Speaker the hills shire criminal belief Kirsten Brewer Wagga Wagga business donate story list jobs of the future employmee Mount Annan-Currant Hill publication global emerging trends suburban living celebration news consumerism insights infographic REIV National Conference Understanding and Engaging with Generation Z commuting supply and demand data analyst australian media release omnibus research services renter of the future trends of 2017 graphs mccrindle research Education Future Forum wage manly daily telegraph teachers christmas donation tv demographic urban development chairty hello fresh Bathburst Kiwi optimistic Wodonga ageing population recap visual motivate teach global financial crisis Sydney’s south west households emerging technologies mateship annual income house communication marrickville global generation wellbeing Lower Hunter leader logan mover and shaker teacher not for profit census fail australian community trends report suburbs tertiary education 2020 newspaper younger generations define dream population growth public speaker financial future of education Charlotte coffee transport australians staying home more Australian Bureau of Statistics Retail deloitte #censusfail business performance gender WA resource challenge ease of travel megatrends resilience wealth distribution Duchess of Cambridge growth of sydney DESTEL generation investor research pack plans Sydney princess charlotte baby NBRS Architecture eliane miles data visualisation grave decision the average aussie gen z urban woolworths census results Assistant Store Manager salary changing face of sydney McCridle The Daily Edition waverton personalities McCrindle Speaker Work place market research moderators guide forum crime school not for profit research divorce rate leadership workshop coffee lovers urban living index teleworking middle class ACF17 rain Population Clock McCrindle Speakers entrepreneur storytelling food Northern Beaches Caregiver Deaths survey professional presenters baby name trends not-for-profit careers conference couple cost of living work from home Gen X 2013 Australian Trends average Australian blaxland social issues mccrindle in the media christianity weekly earnings sydney property market house price cloudy days Netflix baby name predictions ACT Report Scouts showreel Christmas research sports weather Australian schools 2016 research data house prices medicine housing growth "know the times" GPO Territory professional development lifestyle ACF2017 mythbusters 2014 australia case study researcher financial dreams forecasting communications generational trends English prince george Hills Shire Council mccrindle Christmas day trends analyst spend selfie entrepreneurs of today research visualisation pyrmont office opening Skilling Research Executive Australians study Black Friday local community 2009 property market Australian Communities Trends live the dream personal growth increasing densification students income townhouses social high school data System's Architect the great screenage builders marriage university economy church car states divorce Australian Population domestic What is food insecurity? CPI residents society aussie culture do people still change their surname after marriage? moreton bay affordability high density apartments NFP event Aussie responsive cica rule keeper REIV Conference customer authenticity internships average aussie Elderslie-Harrington park royal family Sydney keynote speaker workplace culture menai digital economy demographics 10 years twentyseventeen social change baby names australia report NEETs hills shire 1994 Geoff Brailey Research Director religion australian real estate area presentation Hunter Valley going out wolloomooloo Performance Sentiment Index experience NSW gold coast population map JOMO sector volunteers happiness typical australian ipswich charities royal baby bondi choice workers seasons national crime rates 1968 india financial fears TAS TDE wages Queensland relevant mccrinlde neutral bay online shopping charity goals aged care suburb gig economy government FOMO Maxim Accounting education research debate The ABC of XYZ hobart keynote speaker change australian communities trends report SA Sydney Lifestyle Study vegemite local communities sydney metro healthy future debt ABS award winner employmer 40 million new york times teaching Sydney Hills Business Chamber interactive Royals buildings purpose futurist school satisfaction local population social trends social lives jobs learn Births sentiments SRE fresh trend shopping demography the changing face of trend tuesday rental stress non profit speaker low density urban taskforce youth huffington post Northern Territory slideshare conferences Social Trend social researcher education sector breakfast brand post rationalism housing market volunteering data pharmacies Crime Rates social researchers generations life FPA February 16 professional speaker environment future proof group social commentator parents renting faux-ciliser sector wide study outsourcing contiki ethnography shopper's pick curiosity money food insecurity socialites priorities Wellington statistics global generaion Australia Day Western Australia mortgage business index keynote Res Vis social analyst young australians panel equip census data global retail norwest 2016 census investing the australian dream cancelling event communicate training indonesia consumer social shifts financial planning digital royal influence work-life career 1975 the hills 1995 apartment economic parenting conference presentation winter blues leadersip culturally diverse housing trends surnames wedding household community engagement father's day financial future environmental scanning home demographer home ownership daily commute unaffordable brands tea safe educhat growth Australia street geomapping Lower Hunter Region national wealth property price offenders impact focus group owning a home professional Black Friday Sales intern demographic transformations mccrindle tea Canberra who is generation z winter train maiden names Australian demographics sydney market royal Vocational education state thought leadership baby boomers learner cash sydney hills Merry Christmas stats brand experience Mark McCrindle PSI Adelaide real identity infographic wall Real Estate Institute of Victoria Business analysis collaboration village Word Up program South Australia shifts poor tableau energy earnings 1980 video water