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


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