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

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

Archive