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

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

Archive