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


Tags

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

Archive