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

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

Archive