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


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