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

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

Archive