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.

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

What Makes a City the Most Liveable?

Wednesday, July 20, 2016

What makes a state or city liveable? Is it the low crime rate, affordability, ease of travel or is it simply the weather? We have compared some of the major factors and revealed what Aussies really think.

Affordability

If you take the average weekly earnings, subtract the average weekly mortgage repayments based on house costs, you find that NSW doesn’t do too well, it is earning 20% above the average, but the houses are 64% above the average, so NSW works out to be the worst in terms of income after housing. But WA is on top of the charts, with the ACT doing pretty well also.


Ease of travel

We took the centre of population of each of our capital cities, the mid-point of the population sprawl where as many people live north, as south of this point, and as many east, as west. From this centre of living we measured the average, non-peak hour driving time to the centre of the CBD marked by the GPO of each capital. We found that as we would probably expect, Sydney was the longest drive, about 33 minutes to get from the centre of population to the centre of the city, but the quickest trip of all was Brisbane with just 8 minutes.


Crime rates

This is the number of offenders per annum, per 100 people and the Territories book end the data here, with the ACT with the lowest crime rate nationally and the Northern Territory as the highest crime rate and the other states right in the middle. As measured by crime rates, the ACT is Australia’s safest place to live.


Weather

We measured this by looking at the average number of sunny days - totally clear days in a year. Tasmania not doing too well with a lot of cloudy, overcast days, but WA takes the crown with the most number of sunny days in any given year.



Watch Mark McCrindle'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

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

Archive