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


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