Housing Affordability in NSW [infographic]

Monday, January 30, 2017

We’ve all heard about the difficulty of buying into the housing market in recent times and the subsequent decreases in home ownership rates (in NSW, from 68% in 2004 to 63% in 2014). With less people able to afford a home in the current market, there have been increases in the numbers of people looking to rent in New South Wales, and particularly Sydney.

We were delighted to be commissioned by Churches Housing and Shelter NSW to uncover the story of rental unaffordability in New South Wales. Through this research, we discovered that finding an available, affordable rental property is becoming increasingly difficult, particularly for those in the bottom 20% of income earners.

The decrease in the availability of rental properties over the last decade or so, has been influenced by a number of factors. Rental prices have increased due to the increased numbers of people looking to rent, and in past decades, rental prices have grown faster than income.

The infographic particularly highlights the difficulties for the bottom 40% of income earners in looking for appropriate rental properties. The term ‘rental stress’ is used to describe those in the bottom 40% who are spending over 30% of their income in housing costs. In 2013-14 NSW had the highest proportion of low income households experiencing rental stress, at 76% (compared to 68% nationally). For these households, rental stress can impact on other areas of life, including health care, schooling, diet and in the worst case can sometimes lead to homelessness. 

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

The Optus Renter of the Future Report

Monday, January 11, 2016

We were delighted to have been commissioned by Optus to uncover the attitudes, behaviours and technology trends of Australian renters, to develop the Renter of the Future Report. This national research has been launched in partnership with Optus and their Home Wireless Broadband Internet offering, and revealed some interesting insights into who is renting, what defines their situation and what they are looking for in a rental property.

The report highlights that 3 in 10 renters are 'choice renters'. “There’s this idea that the great Aussie dream is to move into a home that you own and if you haven’t done that then the dream hasn’t come true for you. But with generational change that’s just not true. You’ve got a lot of people who are the choice renters because they prefer the lifestyle. And they themselves might be landlords so financially they’re rocketing ahead." - Mark McCrindle.

30% of Australians rent - that's more than own their own home outright and they are twice as likely to be living in medium and high density housing than the average Australian, are almost years younger, and move much more frequently - on average every 1.8 years.

Renters are also tech-savvy, the study showed. “Renters comprise nearly a third of Australian households. For the modern Aussie renter technology underpins and has become completely fused with their lifestyle. This group is among the first to jump onto new technologies, keeping abreast of the latest trends and, where possible, the latest devices. Accessing the internet quickly from their new rental property is a must for them." - Mark McCrindle.

Highlighting the lifestyle aspects that Australians renters seek, the top 3 best things they like about renting are:

  1. The ability to change locations easily (38%)
  2. Easier to upsize or downsize as needed (24%)
  3. Flexibility to travel for extended periods of time (18%)

When asked to list their top five lifestyle features in a home, Aussies revealed what is most important to them in a rental property:

  1. Parking (38%)
  2. Pet-friendly (32%)
  3. Cable internet (31%)
  4. A strong mobile signal (25%)
  5. Number of power points in a room (22%)

Find out more about the findings of the study in the below infographic:

This research in the media

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


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