It is fairly well known that over the past decades, home ownership rates have fallen, while the proportion of Australians renting has increased. This shift has also seen changes in the dwelling stock composition of Australia, with an ever-increasing share of households living in apartments and medium density dwellings as apartments are relatively more affordable and often in more desirable locations.Today, we wanted to dive deeper into the data to reveal the factors affecting rental rates across the country. Those familiar with the metropolitan areas of Australia are likely aware of the impact of the property investment industry, rising living costs and the need for…
Category: Housing
Welcome to the second instalment of our Empty Suburbs series, where we will be taking a look at the suburbs and localities with the highest vacancy rates as of the 2021 Census. For this instalment, we will be exploring Victoria.From our last episode where we covered New South Wales, we found that the highest vacancy rate suburbs are along the Central Coast and the Inner City. Rather than just commenting on the phenomenon of high vacancies, we will also be highlighting the comparison between Victoria and New South Wales and the impacts of COVID-19 on Victoria’s dwellings. Do we see similar trends in Victoria? Are…
With current talks of a housing crisis, there have been discussions around rent freezes, incentives to increase supply of housing or slowing down the intake of overseas migrants. But one factor which is not often discussed is Australia’s use of unoccupied dwellings.So today, we ask the question – where are the unoccupied dwellings and why are they unoccupied? Are they significant in talks around the cost of living?Starting with New South Wales, we will be using 2021 Census data to determine which suburbs have the highest vacancies and examine how this phenomenon changes across localities. But before we jump into the list, let’s first talk…
In our previous blog “Population growth in New South Wales: Stories from the 2021 Census”, it was revealed that Camden was the fastest growing Local Government Area (LGA) in NSW, going from 78,200 persons in 2016 to 119,325 by 2021; a rate of 52.6%! The next closest LGAs were The Hills Shire (22.0%) and Blacktown (17.7%). Growth in these LGAs was predominantly driven by rapid rates of greenfield residential development in new estates, hence attracting new residents to the area. “Over half of Camden’s new residents arrive from neighbouring Liverpool and Campbelltown” The migration map below shows the most significant net flows of people to…
Much has been spoken about the changes in development patterns across Australia due to the COVID-19 pandemic. In this article, we analyse dwelling growth in New South Wales and Sydney to discover how development patterns have changed over the last three Census periods. How did we do it? We have allocated all ABS SA2 geographies in Sydney and Regional NSW in 2021 to a series of categories:In Sydney by sector (inner, northern, south-western etc.) and ring (inner, outer etc.)In regional NSW by size of settlement, areas along the coast, areas around Sydney and remaining areasSA2s were allocated for 2016 and 2011 and ABS State Suburbs…
Do you live or work near a PTV train station? Perhaps you drive to one to catch the train? By now, you have probably noticed the amount of residential construction that has taken place around these stations in the last several years – trust us, your eyes do not deceive!Guided by activity centre policies (from both State and local Governments), it aims to focus new residential growth around existing transport nodes, specifically our metropolitan train stations. The idea and practice of encouraging focused higher density development around transit nodes has been around for a while. It brings about many advantages, such as greater walkability, better…
Where has residential development in Melbourne occurred? The beautiful wonderful world of rings and sectors. Much has been spoken about the changes in development patterns across Australia due to the COVID-19 pandemic. In this article, we analyse dwelling growth in Victoria and Melbourne to discover how development patterns have changed over the last three Census periods. How did we do it? We have allocated all ABS SA2 geographies in Melbourne and Regional Victoria in 2021 to a series of categories:In Melbourne by sector (inner, north, west, etc.) and ring (inner, outer, etc.)In regional Victoria by size of settlements, areas along the coast, and other remaining…