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


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