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


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