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


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