Housing Affordability in NSW [infographic]

Monday, January 30, 2017

We’ve all heard about the difficulty of buying into the housing market in recent times and the subsequent decreases in home ownership rates (in NSW, from 68% in 2004 to 63% in 2014). With less people able to afford a home in the current market, there have been increases in the numbers of people looking to rent in New South Wales, and particularly Sydney.

We were delighted to be commissioned by Churches Housing and Shelter NSW to uncover the story of rental unaffordability in New South Wales. Through this research, we discovered that finding an available, affordable rental property is becoming increasingly difficult, particularly for those in the bottom 20% of income earners.

The decrease in the availability of rental properties over the last decade or so, has been influenced by a number of factors. Rental prices have increased due to the increased numbers of people looking to rent, and in past decades, rental prices have grown faster than income.

The infographic particularly highlights the difficulties for the bottom 40% of income earners in looking for appropriate rental properties. The term ‘rental stress’ is used to describe those in the bottom 40% who are spending over 30% of their income in housing costs. In 2013-14 NSW had the highest proportion of low income households experiencing rental stress, at 76% (compared to 68% nationally). For these households, rental stress can impact on other areas of life, including health care, schooling, diet and in the worst case can sometimes lead to homelessness. 

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

The Optus Renter of the Future Report

Monday, January 11, 2016

We were delighted to have been commissioned by Optus to uncover the attitudes, behaviours and technology trends of Australian renters, to develop the Renter of the Future Report. This national research has been launched in partnership with Optus and their Home Wireless Broadband Internet offering, and revealed some interesting insights into who is renting, what defines their situation and what they are looking for in a rental property.

The report highlights that 3 in 10 renters are 'choice renters'. “There’s this idea that the great Aussie dream is to move into a home that you own and if you haven’t done that then the dream hasn’t come true for you. But with generational change that’s just not true. You’ve got a lot of people who are the choice renters because they prefer the lifestyle. And they themselves might be landlords so financially they’re rocketing ahead." - Mark McCrindle.

30% of Australians rent - that's more than own their own home outright and they are twice as likely to be living in medium and high density housing than the average Australian, are almost years younger, and move much more frequently - on average every 1.8 years.

Renters are also tech-savvy, the study showed. “Renters comprise nearly a third of Australian households. For the modern Aussie renter technology underpins and has become completely fused with their lifestyle. This group is among the first to jump onto new technologies, keeping abreast of the latest trends and, where possible, the latest devices. Accessing the internet quickly from their new rental property is a must for them." - Mark McCrindle.

Highlighting the lifestyle aspects that Australians renters seek, the top 3 best things they like about renting are:

  1. The ability to change locations easily (38%)
  2. Easier to upsize or downsize as needed (24%)
  3. Flexibility to travel for extended periods of time (18%)

When asked to list their top five lifestyle features in a home, Aussies revealed what is most important to them in a rental property:

  1. Parking (38%)
  2. Pet-friendly (32%)
  3. Cable internet (31%)
  4. A strong mobile signal (25%)
  5. Number of power points in a room (22%)

Find out more about the findings of the study in the below infographic:

This research in the media

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


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