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


social life medicine Gen Y mccrindle in the media mateship Duchess of Cambridge Population Clock 1995 economic fresh Territory housing market EFF snapshot social impact New Zeland students Wagga Wagga travelling aussie culture society trends home ownership Valentine’s Day proactive thrive future of education eliane average aussie suburb the great screenage generation alpha public speaker baby boomers Tuesday Trend debt collaboration mentor social commentator gen z Generation X average Australian manly suburban living ashley fell entrepreneur debate language growing population Deaths mining boom crows nest South Australia ABS contiki cost of living jobs of the future financial fears builders food insecurity states Crime Rates ACT selfie Love state screenagers family tertiary education Business analysis screenage SMART staying in community event 2017 New South Wales monarchy Mark McCrindle in the media 2014 neutral bay faux-cilising house prices emerging generations research pack education sector award winner investor Sydney Lifestyle Study career bondi Queensland group charities the australian dream HR ACT Report leadership townhouses population milestone relevant younger generations millionth culture going out aged care puzzle sydney hills Christmas research gold coast rain Channel 7 travel households daily telegraph Australian Home surname Social Trend groceries tips stats wolloomooloo study internship purpose staff sports research data consumer summer professional global generaion nfp prince george potts point Mount Annan-Currant Hill keynote speaker financial future mobile Retail shopping Hornsby Shire Council world lalor park tuesday The ABC of XYZ fears future generations spirituality Christmas lunch cold australian communities trends report investing brands research report NBRS property price eliane miles future proofing NBRS Architecture mccrindle research lifestyle parenting Australian Families hornsby census data work mates Res Vis millennials public speaking university degree etiquette demographics online shopping global live the dream financial independence leadersip the hills safe hobart apartments youth post rationalism product DESTEL rise of local litter brand experience economy participants jobs sydney market victoria micro engage typical australian financial dreams waverton national private wealth January 26th car alpha faith organisations blaxland toys PSI social research holidays forum cultural diveristy impact community engagement future-proof care support Engineering Manager train event children research visualisation urban development national wealth Wodonga Foodbank Australia ideas social analyst indonesia baby name village Research Director Financial Planning Association real rich volunteer capital cities paying to work Australian community trends housing growth Christchurch Western Australia curiosity market research resource data analysis house price small business china environment survey Gen Z Expert public holiday Aussie shopping centre stay home environmental scanning Australian Census collaborative Charlotte work christianity Lower Hunter pharmacies charity follow conference area dream poor Financial Planning Association of Australia Christmas Stats trends of 2016 australian affordability volunteering Kiwi google for education happy holidays capital city 1980 school marriage commuters student australian community trends report graphs national crime rates tableau census sophie renton global retail teacher demographic analysis optus dreaming ACF 2016 Australian Communities Trends mover and shaker recap James Ward coffee internships TEDx christmas trees social enquiry urban living index unemployment list workforce quote Black Friday Sales World Water Day census 2016 learner Work place urban living earn innovative generations wedding insight society average sydneysider meals earnings school satisfaction baby boom communities increasing densification slideshare analysis Scouts renting social lives Cobbitty-Leppington WA socialising high density living government baby name predictions marrickville belief ferry australia education future events logan hopes organisational culture skills cost names speakers pack NSW 1975 business index social change award online report office space consumerism careers baby name trends tattoos Mark McCrindle woolworths trends business performance Performance Sentiment Index focus group authenticity Aussies Geoff Brailey Vocational education speakers sector wide study Caregiver cars equip conference presentation Northern Beaches priorities faith and belief resilience darwin transport Australian Population australian real estate publication VET Northern Territory coffee lovers urban schools students australian communities forum gig goal workplace culture entrepreneurial rent SRE Do It Yourself home owner tea New Zealand plans cloudy days wages father's day spend shopper's pick dare to dream employmee education Lower Hunter Region cica JOMO work from home global financial crisis sentiments the future property market not for profit statistics Real Estate Institute of Victoria ageing employmer divorce data visualisation buildings data English housing affordability overcast 2020 McCrindle Speakers micro apartments domestic DIY Australian demographics budget donate holiday demographic transformations Generation Y professional services repayments vegetarian media commentary local Australian Bureau of Statistics finance culturally diverse future proof 2009 VIC giving youth unemployment pyrmont 23 million Hills Shire Council focus groups Gen X Elderslie-Harrington park social issues aged care NFP event keynote in the media employers local communities wellbeing REIV Conference training USA kate middleton trades 2016 census young people grave decision sector long weekend happiness Maxim Accounting mythbusters deloitte research on coffee outsourcing middle class wealth and income suburbs REIV National Conference high density megatrends educated hills Research Executive investment communications salary maiden names generation Z daily commute ACF17 local community who is generation z growth of sydney not-for-profit media release volunteering data wealth sydneysider 2016 sydneycity professional speaker energy Australian Dream generation TEDx Speaker clothing india sydneysiders year 12 social media earning learning insights entrepreneurs of today social shifts royal family urban taskforce australians staying home more house choice workers financial planning What is food insecurity? trends of 2017 Births digital economy mortgage Christmas in Australia visual winter blues storytelling case study Sydney keynote speaker ageing population religion panel Christmas season Canberra Skilling showreel 24 million IT Specialists anzac System's Architect food Channel Seven dessert results sydney speaker ACF2017 baby names report brand video christian presentation mother's day TED FOMO twentyseventeen census fail interactive know the times easy rider residents greatness volunteers baby names Real Estate visualisation ease of travel forecasting not for profit research housing trends breakfast Australians church socialites easter intern water young australians Andrew Duffin sydney event 2012 networking conferences shbc christmas vegemite Jura Coffee Hunter Valley donation royal qualitative research brisbane child hunger Black Friday in Australia hills shire the hills shire maiden unaffordable technology conference speaker christmas 2017 child care infographics hello fresh education research Education Future Forum new office rental stress Myth data analyst crime cancel plans community experience supply and demand university food bank leader divorce rate cancelling plans Christmas day weather land of the middle class Melbourne media household leadership workshop Sydney trends analyst media activity education future report Northern beaches Event life newspaper demographer rule keeper trend owning a home healthy future Northern Beaches Christian School Tasmania mccrindle tea Queensland: QLD grandparents Word Up work-life Christmas presents 2013 wealth distribution program sun workshop families TED talk ethnography property surnames future of work affordable menai wealth and income distribution Australia Day 2017 Assistant Store Manager australian social research learning styles Understanding and Engaging with Generation Z researcher Bathburst high density apartments pharmacy offenders forecast demography challenge the average aussie moderators guide teach census results public transport men cancelling event royal baby infographic wall faux-cilise commuting sunny days Black Friday HSC the changing face of money CPI Adelaide omnibus do people still change their surname after marriage? school students wage digital sydney metro responsive cultural diversity thought leadership business Sydney’s south west office opening SMSF weekly earnings gender bus politics 2015 NT innovation internet ACF poker master living ultimo new york times 40 million optus my business awards growth cash #censusfail property development "know the times" sustainable dreams research services meetings population SA survey design teachers social trends apartment 2016 census results speaker 10 years income rising house prices hunger social researcher high school global generation future of shopping generational trends engagement February 16 acf15 balance social office Financial Planning Week NEETs FPA change identity moreton bay communicate retirement shifts bureau US ipswich population map 1994 demographic TDE house price rise tv optimistic customer baby rumbling tummies mythbusting mccrinlde future Christmas day Australia street criminal news TAS infographic winter McCrindle Speaker CBD google sunburnt country ashley mckenzie world youth day Sydney Hills Business Chamber relational goals Christmas data Macquarie University Sydney population year 7 marketing housing cartodb city GPO the lucky country entertainment annual income Willowdale perth McCridle women changing face of sydney royal influence 24,000,000 princess charlotte Australian schools Australia Day teaching personal growth futurist nativity scene sector wide McCrindle Keynote Speakers social commentary teleworking huffington post baby names australia report The Daily Edition define employment communication casual emerging trends Australian Trends marriages global generations Wellington low density friendship financial VET sector sydney property market demographic trends friends professional development learn trend tuesday presentations weather wealth inequality Tuesday Trends Netflix group session millenials social analysis Royals Australian communities Millennial geomapping mccrindle emerging technologies seasons couple research non profit 1968 norwest narcissism faux-ciliser story home motivate chairty Merry Christmas seasons greetings parents Kirsten Brewer personalities gig economy professional presenters workplace social researchers celebration schools commute cooking click population growth renter of the future facts in depth interviews educhat Jura Australia speajer gen alpha