Generation Y and Housing Affordability

Monday, October 24, 2016


As Australia’s leading social researchers, the senior research team at McCrindle are actively involved in media commentary. Last week our Principal, Mark McCrindle and Team Leader of Communications, Ashley McKenzie were featured in the media about Generation Y and their ability to access the housing market in Sydney.

Generation Y are today’s 22 – 36 year olds, and make up 22% of the Australian population (5.22 million). They also make up the largest cohort in the current workforce (34%). Gen Y’s are comprised of today’s parents, senior leaders, influencers, and increasingly wealth accumulators. With 1 in 3 being university educated (compared to 1 in 5 Baby Boomers), they have grown up in shifting times and are digital in nature, global in outlook and are living in accelerated demographic times.

While Generation Y are often accused of living a lavish lifestyle, which supposedly locks them out of the property market, it is important to remember that traditional expense categories such as food, transport, health and housing costs are higher for younger people today than that experienced by their parents at the same age. A generation ago the average house price was 5 times annual average earnings while today the average house price is 13 times the average annual full-time earnings.

Here is a quick snapshot of last week’s media coverage:


Housing Affordability Debate

"From the Baby Boomer perspective, they worked hard, they earned what they had but I can also see the Gen Y perspective. The reality is that it's a lot harder to buy a home, the costs have gone up. Gen Y do have to pay off the debt of their degree and there are new categories of spend; technology, internet and phone, costs that their parents didn’t have."  


Parental help becoming essential for young people trying to buy property

"Ms McKenzie, who works for social researcher Mark McCrindle, said borrowing from parents was becoming Sydney’s “new normal”. “Baby Boomers control about 50 per cent of the nation’s wealth so it makes sense young people look to their parents for help,” she said." 












For any media enquiries please email us at info@mccrindle.com.au, or call our offices on +61 2 8824 3422. To arrange a media interview or if you are a journalist and would like to receive our media updates, please email kim@mccrindle.com.au.

Growing number of Australians moving to New Zealand

Monday, August 15, 2016


They are calling it a slice of heaven on a budget, with a growing number of Australian families packing their bags for a better life in New Zealand.

For the first time in about a quarter of a century, we have more Australians headed to New Zealand than New Zealanders heading to Australia. We aren't talking about people as retirees or as young people, but in those middle years, those family years and those key employment years, they are the ones making the move across the Tasman and heading to New Zealand.

Most of them are ending up in the Kiwi Capitol, Wellington, where you get much more bang for your buck compared to the much more expensive Auckland.

IT Specialists are in hot demand in New Zealand, and dominate the highest paying jobs. A System’s Architect have a median salary of $125,000 per year. Although an Engineering Manager isn’t all that far behind at $105,000 per year. The lowest paying jobs see Caregivers average $32,000 per year, while an Assistant Store Manager brings in $35,000 per year.

Australians are making the move because of jobs, affordable housing and a better quality of life. For a country that for so long has been tagged as Australia’s little cousin, it appears New Zealand is all grown up.

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

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

Archive