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

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


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