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


Tags

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

Archive