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


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