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


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