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


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