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


Tags

brand snapshot social researcher communication financial dreams the changing face of non profit ashley mckenzie teach Wagga Wagga entrepreneurs of today mining boom ACF2017 office space infographic wall presentations rule keeper Sydney Hills Business Chamber forecast post rationalism optus networking grave decision communities learn earnings winter blues report #censusfail TED cloudy days publication darwin commute world Wodonga engagement school house price rise small business media ashley fell national wealth mccrindle Australian Population urban moreton bay fears average Australian neutral bay Aussie royal influence woolworths social change hopes property market townhouses social researchers litter moderators guide cancelling plans financial future lifestyle rental stress youth micro apartments city South Australia future-proof media activity spirituality brands Financial Planning Association of Australia Channel 7 royal family Skilling urban living index builders future proof pharmacy baby name trends millionth Western Australia names statistics Charlotte earn results demographic transformations marriage Scouts experience education DESTEL Res Vis rich google for education resilience states state Geoff Brailey property price meetings logan sydney speaker google events Netflix potts point proactive 10 years Gen X Australian Home workplace culture gig economy healthy future presentation collaborative the average aussie new york times population growth workforce REIV Conference quote Generation Y Canberra suburbs stats research data trend tuesday NFP event dessert emerging generations grandparents program hills shire trends analyst Deaths 2016 census results baby boomers hello fresh alpha Myth 2012 government Australian community trends real child care 1968 aged care learner Work place safe educhat media release staying in australian communities forum news Sydney keynote speaker Territory qualitative research christmas gen alpha high density online relevant entrepreneurial future of education volunteering data Macquarie University shopping centre low density average aussie 2016 census not for profit cancel plans sustainable in depth interviews investing demographer schools students salary hills baby boom eliane miles speakers relational baby names trends of 2016 New Zeland survey design FPA Assistant Store Manager 40 million children women Australian Census cold ultimo outsourcing research report VET sector Australian communities twentyseventeen university degree thought leadership the great screenage royal public speaker greatness Gen Y aussie culture medicine kate middleton financial community engagement ferry trends meals Queensland wealth distribution home ownership Real Estate Institute of Victoria hobart geomapping showreel professional speaker 2020 SMART friendship Real Estate video faith spend research visualisation middle class The Daily Edition training census education future cost of living census results global ACT household Australian Families analysis jobs of the future increasing densification social trends wellbeing debate suburban living Births screenage research pack brand experience Population Clock conference speaker social research investment supply and demand coffee suburb emerging trends case study demography growing population home living volunteers gen z TAS faux-ciliser skills Word Up high school daily commute young people Financial Planning Association selfie wages tertiary education entrepreneur Tuesday Trends employment Northern Beaches baby name public speaking James Ward investor keynote speaker Tuesday Trend Kirsten Brewer 24,000,000 Royals budget 2013 innovative year 12 internet land of the middle class goal victoria weekly earnings Mark McCrindle sports entertainment professional services demographic trends christianity property paying to work weather rent economy renter of the future educated online shopping group session home owner faux-cilise visual Hornsby Shire Council infographic follow education research social lives average sydneysider population bondi NT future ipswich tv know the times capital cities social analysis plans Australian Dream 2016 product ageing population cultural diveristy tableau Love challenge perth trend work-life divorce not-for-profit newspaper village media commentary religion infographics technology ease of travel conference presentation shopper's pick professional development fresh happiness dreaming unaffordable baby name predictions affordability Valentine’s Day PSI clothing Northern Beaches Christian School 1980 DIY conferences 1975 generational trends gold coast generation education future report education sector The ABC of XYZ culture students mateship dreams cost Crime Rates digital acf15 sydney metro recap crows nest long weekend EFF tips click NSW work housing growth ethnography housing market identity affordable micro aged care puzzle tattoos waverton global financial crisis university dream future of shopping global generations men tuesday data analyst ACF 2016 australian community trends report change visualisation Northern beaches Event Caregiver annual income research water brisbane domestic cancelling event ACF social media shbc criminal easter care support future proofing narcissism ACF17 cooking national crime rates daily telegraph communications group socialites REIV National Conference impact australian communities trends report wage millenials demographic holiday office keynote researcher Sydney residents Melbourne responsive customer australia VET McCrindle Speakers internships retirement sun nfp in the media school students lalor park norwest holidays Northern Territory young australians money growth belief Channel Seven sydney event going out social shifts emerging technologies learning mccrindle tea wealth and income distribution local community interactive ideas organisational culture speaker social enquiry capital city 2014 award etiquette wealth and income food divorce rate generation Z princess charlotte Do It Yourself rise of local Duchess of Cambridge Hills Shire Council dare to dream australian real estate cash marriages Merry Christmas data visualisation System's Architect survey teacher urban living Kiwi career consumer housing affordability FOMO mythbusting millennials speakers pack local communities environmental scanning australians staying home more australian insights cars forecasting schools census fail menai JOMO futurist typical australian sentiments Australia Day 23 million mccrindle in the media professional renting NBRS overcast gig social life father's day balance sydney hills volunteer pharmacies intern national private wealth cica seasons Australians panel graphs mentor future of work Australian demographics consumerism world youth day the australian dream staff changing face of sydney the hills financial independence collaboration 1994 casual resource sector wide study eliane travelling school satisfaction communicate engage research services new office forum parents February 16 participants australian social research Generation X workplace earning chairty church blaxland sector data social commentary community event leader high density apartments facts parenting Social Trend socialising 2017 Wellington baby names australia report leadership population milestone teaching ageing financial fears social commentator culturally diverse sydneysider Australian Trends CBD winter SRE conference bureau commuters house CPI royal baby area mover and shaker poor TEDx friends curiosity Financial Planning Week mother's day wolloomooloo IT Specialists cultural diversity faux-cilising Australian Communities Trends NEETs census data NBRS Architecture SMSF choice workers demographics learning styles teleworking transport travel "know the times" sector wide business performance households energy mythbusters mccrindle research business personalities Australian Bureau of Statistics wealth Research Executive pyrmont Adelaide social impact Education Future Forum public holiday bus poker master breakfast tea Australia Day 2017 celebration gender housing trends Christmas presents slideshare megatrends TED talk 2015 car focus groups life society New South Wales social apartment thrive summer stay home January 26th manly year 7 shopping Andrew Duffin politics anzac generation alpha business index local monarchy World Water Day teachers contiki society trends personal growth owning a home sunburnt country Queensland: QLD work mates vegemite charity crime unemployment authenticity internship social issues Tasmania finance Research Director huffington post families leadership workshop motivate rising house prices story mortgage innovation toys housing Bathburst financial planning marketing rain omnibus vegetarian organisations storytelling employers market research community baby names report Christmas season equip population map define professional presenters debt high density living offenders buildings language sydneycity wealth inequality volunteering apartments Christmas lunch house prices ABS goals shifts family optimistic list English environment live the dream focus group christian New Zealand baby Christchurch sunny days HSC economic generations house price easy rider youth unemployment cartodb income award winner SA the hills shire urban taskforce mobile office opening study couple marrickville wedding WA prince george Australia street sydneysiders GPO repayments Engineering Manager trends of 2017 TDE insight charities workshop Australian schools optus my business awards careers hornsby VIC deloitte census 2016 24 million event jobs student trades Vocational education purpose train priorities Aussies

Archive