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


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