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


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