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

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

Archive