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


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