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


A Snapshot of Education Across Australia

Monday, July 18, 2016

We have been looking at different aspects of life in Australia and we are turning our focus on how each state rates when it comes to education. Are we more educated than we used to be? In 1986 49% of students completed year 12 and these days its fast approaching 90%.

Let’s talk about tertiary education across the generations

We are becoming an even cleverer country as measured by university completion so if we look at the Baby Boomers, 1 in 5 have a university degree, for Generation X, that’s 1 in 4, for Generation Y its 1 in 3 but for today’s school students, about 1 in 2 of them will end up with a university degree in their lifetime.



How does university attendance compare across the states?

If we look at 18 – 24 year olds, who are full time students, we have the ACT and Victoria leading the charge there and the other states not too far behind, while the Northern Territory is a fair way behind.




When looking at school performance, which state is performing the best as they hit year 7?

The NAPLAN results allows us to compare across Australia. If you look at the percentage of students in year 7 who are above the national minimum standard, again good results across the board. ACT and Victoria again leading Australia as far as the proportion of students above the standards. The other states are close behind, again with the Northern Territory a bit off the pace.


Having an education usually means a lower risk of unemployment, how did the states rate?

Pretty good, Australia as a whole is going very well, with 5.7% unemployment, that’s well below a lot of comparable nations. It has gone down this year, not up and if you look at the states that are doing better than that with a lower unemployment rate, the Northern Territory and ACT are performing best however some other states particularly South Australia and Tasmania are a bit behind.


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

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

Archive