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

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

Archive