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


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