The 2021 Census reveals that 10.1 per cent (1,043,776 homes) of Australia's 10,318,997 private dwellings were unoccupied on the night of the Census.
Of the approximately 9 million homes in Australia, about 1 million did not return a census form.
Australia's current housing crisis is driven by the nation's unique demographics and a shortage of available residential land near jobs and services, with the impact of interest rates and government homebuyer subsidies often overstated.
The 2021 census revealed that there were nearly 300,000 unoccupied homes across New South Wales, with 9.9 percent of private homes in Sydney's inner west being vacant.
Australia has an oversupply of up to 164,000 dwellings which appears to counter suggestions the nation is suffering a housing shortage, a new study has found.
Overall, that means prices are still much higher than they were pre-pandemic. That has made it even harder for people to get on the housing ladder, with new research finding 90% of aspiring first-home buyers are unable to purchase a property.
The 2021 Census reveals that 10.1 per cent (1,043,776 homes) of Australia's 10,318,997 private dwellings were unoccupied on the night of the Census.
Lane Cove Council last year called for reforms to permit higher council rates or land tax on empty homes. Figures from the 2021 census show there were nearly 300,000 unoccupied homes across NSW – 9.9 per cent of private homes in Sydney's inner west were vacant.
The busy Sydney harbour or the skyline of metropolitan Melbourne make it seem unbelievable that nearly 40% of Australia's land is uninhabitable. One reason behind this large landmass being so desolate is the shortage of rainfall. More than two-third part of the country only receives less than 500 mm annual rain.
The tax is charged annually, and is calculated at 1% of the property's capital improved value. That's the value of the property, including land, buildings and other improvements. It's displayed on your council rate notice.
High house prices in Australia are primarily driven by supply and demand imbalances, tax policies, low-interest rates, and rising household debt.
Australia has recorded its largest decline in property values on record, with values dropping by 7.9 per cent in a year and the median value of dwellings in more than 200 suburbs dipping below $1 million.
"Property price falls are likely to continue and accelerate in 2023," report author Cameron Kusher said, blaming the cooling market on the rising cost of borrowing and its associated drain on household budgets. Australia's most expensive cities will likely see the largest price falls, he said.
Home ownership data from the 2021 Census show a home ownership rate of 67%, down from 70% in 2006. While the home ownership rate remained around 67–70% from the early 1970's, the rate for different age groups has varied markedly over this time.
1.6% of Australians own 2 investment properties.
Here's how many properties investors hold in Australia: 5% of investors hold 1 investment property. 18% of investors hold 2 investment properties. 7% of investors hold 3, 4, or 5 investment properties.
Did you know that 95% of Australia is uninhabited by humans? Check out the awesome video below from Real Life Lore explaining why the human population of Australia is concentrated to such a small portion of the country/continent. Australia is home to an estimated 25.69 million residents.
The Outback is a remote, vast, sparsely populated area of Australia. The Outback is more remote than the bush.
More than 80 per cent of Australians live within the coastal zone.
If you've been residing in an abandoned home under the Australian law of adverse possession, you may be able to claim ownership. You'll need to demonstrate that you've been there for 12 to 15 years—12 in the rest of the nation and 15 in Victoria and South Australia.
The most expensive house in Australia was sold for $130 million in 2022. Australia's most expensive home sold, however, was at One Sydney Harbour for $140 million. The median house price in Point Piper is now $9.9 million.
A majority of people experiencing homelessness long-term in Australia are found in the large cities of Sydney, Melbourne, Brisbane and Perth. It is estimated that on any given night approximately 116,000 people will be homeless and many more are living in insecure housing, "one step away from being homeless".
It showed that while just fewer than half of property investors held one interest in an investment property, only 15% of the total number of taxpayers in Australia were property investors. Just more than 30% of the country's roughly 11m private residential dwellings are considered property investments.
1. Lynnewood Hall, Pennsylvania | Abandoned Houses.