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

Wealth and Income Distribution State V State

Monday, July 25, 2016


Australia has long been considered the land of the middle class, but in recent years the gap has been widening between the rich and the poor. When it comes to the battle of the states, which corner of Australia scores the highest and the lowest on the income and wealth report? Will the Baby Boomer generation continue their stronghold on our national wealth?

Is Australia still the land of the middle class?

It is hanging in there, but it’s under pressure. We have seen some hollowing out in the middle of the earnings and a bit of spread to either end. The average annual household earnings are around $107,000 however the lowest fifth of households earn 20% of this while the top fifth average almost three times this. That means that the top fifth of households are taking home about 12 times what the bottom fifth of households are earning.

Most Aussies have their wealth tied up in their homes, how does ownership compare with the top, middle and lower classes?

The average wealth (if you liquidate everything and pay off all your debts, what are you left with) is about $800,000. The bottom 1 in 5 have a net worth of just $35,000, the top 20% of all household have a net worth of about $2,500,000. That means that the top fifth of households have about 62% of Australia’s wealth, and the bottom fifth take less than 1% of Australia’s national private wealth. So that's a big difference in wealth across these households.

Which states are best and worst performers when we are looking just at income?

The mining boom in WA has really done a great thing over there and so they are leading the earnings chart, with the ACT not too far behind with public servant wages doing pretty well. At the bottom of the tree you have Tasmania, earning about $50,000 less per annum, per household, than what we have in the west.

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

Archive