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


Tags

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

Archive