Housing Affordability in NSW [infographic]

Monday, January 30, 2017

We’ve all heard about the difficulty of buying into the housing market in recent times and the subsequent decreases in home ownership rates (in NSW, from 68% in 2004 to 63% in 2014). With less people able to afford a home in the current market, there have been increases in the numbers of people looking to rent in New South Wales, and particularly Sydney.

We were delighted to be commissioned by Churches Housing and Shelter NSW to uncover the story of rental unaffordability in New South Wales. Through this research, we discovered that finding an available, affordable rental property is becoming increasingly difficult, particularly for those in the bottom 20% of income earners.

The decrease in the availability of rental properties over the last decade or so, has been influenced by a number of factors. Rental prices have increased due to the increased numbers of people looking to rent, and in past decades, rental prices have grown faster than income.

The infographic particularly highlights the difficulties for the bottom 40% of income earners in looking for appropriate rental properties. The term ‘rental stress’ is used to describe those in the bottom 40% who are spending over 30% of their income in housing costs. In 2013-14 NSW had the highest proportion of low income households experiencing rental stress, at 76% (compared to 68% nationally). For these households, rental stress can impact on other areas of life, including health care, schooling, diet and in the worst case can sometimes lead to homelessness. 


Income and wealth distribution by state

Monday, September 12, 2016

High wealth, high income

What are the high wealth, high income states? Western Australia is leading in terms of both income and wealth, with $133,224 and $952,500 respectively, which is well above the average household annual gross income of $107,276 and average household net worth of $809,900.

However, over the last year particularly, the impact of the mining slowdown has affected earnings and also wealth. The reliance on the mining sector and the fluctuation of income and wealth based on the fortunes of this one sector are highlighted in the fact that between 2012 and 2014, the household incomes of those in Western Australia rose by 21% which was almost double that seen in the leading east coast state of New South Wales, and the wealth in this 2 year period increased by 24%, again almost double on what we saw from the best performing east coast states.

Top performing states

New South Wales is the most consistent performer in wealth and income, and the only other state to have both income and wealth about the national average (12% on income and 13% on wealth). It has a stable economy, with the largest infrastructure investments in the nation, a broad base of industries and consequently solid forward forecasts.

The Northern Territory, like Western Australia has been fluctuating, and while it has average income above the national average, its wealth is below the national average. Queensland, while improving in both income and wealth is below the national average on both as well. And Victoria while seeing solid gains in both income and wealth, with wealth largely due to the housing market above the national average, its income has still not quite reached the national average.

Worst performing states

The worst performing states are Tasmania, with incomes 26% below the national income and wealth average, as well as South Australia which is 19% below the average household income and 20% below the national net wealth.

While household income gains have been low in some states (a total of 6% gain since 2012 in South Australia, Tasmania and the Australian Capital Territory over the last 2 years), at least all of the states have had an increase in incomes, but such has been the change in property prices and the rise in living costs, the Northern Territory, South Australia, Tasmania and the Australian Capital Territory have all seen a slight fall in average household wealth since 2012.

The Shopper's Pick: Understanding Australia's new village green

Thursday, July 14, 2016

This year we were delighted to write up and design the third and latest report in the Trolley Trends Series, ‘The Shoppers Pick’ for Woolworths Limited. From developing the survey through to conducting the analysis, this report is the perfect blend of quality research with segmentation and visuals, making the research easy to consume.

With 1 in 5 (20%) Australian supermarket customers going to the supermarket at least once a week, the report reveals that a record number of people (44%) consider the local shopping centre to be central to community life and has truly established itself as the new village green – a place for connection and engagement with the wider community, perhaps even more so than the local pub, school or community centre.

It is the theme of local which is clearly the key message of ‘The Shopper’s Pick’, which provides a unique look into modern Australia’s living, eating and shopping habits today.


A GLOBAL NATION WITH A PASSION FOR LOCAL

As Australia becomes increasingly connected to global economies and new technologies, there is an equal if not stronger desire among shoppers to support Australian made products and local growers. It is increasingly important to Australian shoppers to know where their food comes from.

More than half of Australian shoppers (52%) state that buying local food is extremely or very important to them. In fact, around a quarter of shoppers prefer to purchase meat and poultry, bread and grains, and seafood and fish that are sourced locally in their own region rather than sourced further afield in their own state or within another region in Australia.


AUSTRALIA’S SEASONAL PERSONALITIES

Australians are impacted in different ways by the changing seasons. Australia’s Seasonal Personalities explores the different personalities of Australians and the impact seasons have on their lifestyle. Which Seasonal Personality are you?

THE HEALTH REVOLUTION

Australians are becoming increasingly health conscious and aware of the foods they consume. This trend towards healthy eating is demonstrated in the increase of health foods being included by Australians in their weekly shop.

Just over half of shoppers (52%) buy health food products weekly (i.e. sugar free, additive free, gluten free, dairy free, organic, raw, salt free or vegan), with sugar free products the most likely to be on Australians’ shopping lists and purchased by just over half of shoppers (51%), followed by organic and raw foods (both at 35%), and additive free foods (27%).


VALUE SWAG: A NATION OF CREATIVE SAVERS

Australians are a nation of savvy shoppers, who seek products that are value for money. Nearly 7 in 10 shoppers (69%) state that buying on discount is extremely or very important to them. These values are reflected in the ingredients they purchase for meals cooked at home, with 99% of Australian shoppers saying price is an important factor they take into consideration. As part of being savvy shoppers, Australians are also creative savers. Almost 6 in 10 shoppers (58%) save money by purchasing groceries based on weekly specials, while just over half (52%) save money by writing a shopping list and sticking to it. Stocking up and bulk-buying are two other ways Australians save money, with just over half of shoppers (53%) currently saving money by stocking up on discounted non-perishables.


This report follows on from the 2014 Trolley Trends Report which focused on the increasing importance of ‘Fresh’ amongst the Australian population. The report also found that one of the most common community connections for Australians is the local shopping centre. To access the Future of Fresh report, please click here.

Homes of the Future: Mark McCrindle discusses housing trends

Thursday, June 16, 2016

What is shaping our built environment?

The first is population growth. Australia has just reached 24 million which means we have added an extra million people in less than 3 years, and most of this growth is in our larger capital cities. This is creating a shift from suburban to urban living; from the traditional horizontal communities to the new vertical ones. In our largest capital cities, two-thirds of all new housing approvals are high or medium density rather than detached homes. This densification is creating walkable communities, multi-use areas where people live, work and play in a more localised space, and of course increased access to transit and transport hubs. The other factor shaping developments is affordability. With rising house prices, Australians are looking for financially sustainable options which meet the needs of both lifestyle and affordability, and create the flexibility for our homes to change in tune with our needs and lifestyles.

What are the current trends and will they last?

While design trends come and go with the changing fashions, there are some broader development trends that are here to stay. The increased access to open spaces, in-door out-door areas, balconies, natural light and bringing vegetation into urban environments are all timeless trends that resonates with our temperate climate and needs. Similarly, with food central to our social environment, open-plan kitchens and meal areas in homes and open social spaces in offices are trends we will see continue.

How is technology affecting it?

Today’s technology is seamlessly integrated into our lives, and we are seeing the same seamless integration into our homes. The internet of things means that lighting, sound, temperature, entertainment and security in our domestic environments are all manageable through our personal devices. The decade ahead will see our pantries and fridges talk to our devices to update shopping lists, our home entertainment experience continue playing seamlessly on our portable devices and our hydrogen cars help power our homes.

Image source: The Clipsal Smart Home range (courtesy of www.clipsal.com)

What are the demographic trends?

Homes of the future will have the flexibility to accommodate multiple generations living under the one roof. They will meet the changing needs of a more culturally diverse community and have clever innovations to facilitate support to Australians living independently in their homes to a much older age than we currently see.

What does the future hold?

While Generation Z, who are just starting their careers, will have to pay more for their homes in the future, these buildings and the built environment in which they sit will far exceed what their parents experienced in their first homes. Not only will the technologies and fittings in the home be exciting but the community spaces, café culture and neighbourhood amenities will continue to adjust and adapt to meet the lifestyle expectations of the 21st Century generations.

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

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

Archive