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

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

Archive