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

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

Archive