Monday, 7 November 2011

What Percentage of People Live in What Percentage of Dwellings?

Suburb to profile: Blacktown
Source of data: 2006 ABS Census

Dwellings Persons




Separate house 72,112 84.24% 225,739  87.02%





Semi-detached, terrace house, townhouse etc. with:



    One storey 4,323 5.05% 11,618 4.48%
    Two or more storeys 4,752 5.55% 13,375 5.16%
    Total 9,075 10.60% 24,993 9.63%





Flat, unit or apartment:



    In a one or two storey block 1,206 1.41% 1,778 0.69%
    In a three storey block 1,362 1.59% 2,971 1.15%
    In a four or more storey block 1,096 1.28% 2,614 1.01%
    Attached to a house 86 0.10% 171 0.07%
    Total 3,750 4.38% 7,534 2.90%





Other dwelling:



    Caravan, cabin, houseboat 539 0.63% 839 0.32%
    Improvised home, tent, sleepers out 19 0.02% 38 0.01%
    House or flat attached to a shop, office, etc. 85 0.10% 210 0.08%
    Total 643 0.75% 1,087 0.42%





Dwelling structure not stated 24 0.03% 59 0.02%





Total 85,604
259,412

The above does not tells us the exact percentage for today's population.

However, given that it indicates a vast majority of people (+84%) live in a detached house, one needs to question the value of purchasing an Apartment as an investment in Blacktown.

What sort of demand would there be for an Apartment in Blacktown?

To add further cause for concern regarding the demand for Apartments in Blacktown, consider the following table which tells us the Housing Loan Payment (monthly) per Dwelling Strucutre:




Semi-detached,

Dwelling


row or terrace house, Flat, unit  structure
Separate house townhouse etc. or apartment Other dwelling not stated Total


$1-$249 488 36 3 3 0 530
$250-$399 445 31 13 0 0 489
$400-$549 911 72 19 0 0 1,002
$550-$749 1,322 105 22 3 0 1,452
$750-$949 1,838 173 32 4 0 2,047
$950-$1,199 2,934 227 59 5 3 3,228
$1,200-$1,399 2,802 234 55 5 0 3,096
$1,400-$1,599 2,570 250 47 3 0 2,870
$1,600-$1,999 5,551 551 72 5 0 6,179
$2,000-$2,999 8,740 658 42 6 3 9,449
$3,000 and over 2,552 127 15 3 3 2,700
Housing loan repayment not stated 2,289 163 31 4 3 2,490







Total 32,442 2,627 410 41 12 35,532
* Includes dwellings 'Being purchased under a rent/buy scheme'. Excludes 'Visitors only' and 'Other not classifiable' households.


This table tells us:

Only 1.15% (410/35,532) of Dwellings that were currently being purchased were a Flat, Unit or Apartment!

Sample Size

One should also take into account however that this survey was conducted for the entire city of Blacktown (C) (Local Government Area)


=> the above figures make sense since apartment buildings would probably only be found in the CBD of Blacktown.

Parramatta Comparison

To put this data in perspective, have a look at the same census for Parramatta in 2006:


Dwellings Persons




Separate house 29,453 57.52% 88,749 64.60%





Semi-detached, row or terrace house, townhouse etc. with:



    One storey 2,831 5.53% 6,338 4.61%
    Two or more storeys 3,548 6.93% 9,952 7.24%
    Total 6,379 12.46% 16,290 11.86%





Flat, unit or apartment:



    In a one or two storey block 4,412 8.62% 8,251 6.01%
    In a three storey block 6,323 12.35% 14,030 10.21%
    In a four or more storey block 4,215 8.23% 9,132 6.65%
    Attached to a house 81 0.16% 157 0.11%
    Total 15,031 29.35% 31,570 22.98%





Other dwelling:



    Caravan, cabin, houseboat 3 0.01% 21 0.02%
    Improvised home, tent, sleepers out 78 0.15% 81 0.06%
    House or flat attached to a shop, office, etc. 107 0.21% 265 0.19%
    Total 188 0.37% 367 0.27%





Dwelling structure not stated 156 0.30% 410 0.30%





Total 51,207 100.00% 137,386 100.00%





This shows us that in the same period (albeit, 5 years ago as of the date of writing), Paramatta had almost 30% of its population in "Flat, unit or apartment" dwellings compared to just 4.38% in Blacktown!






But is this still the case???

More importantly, how do we measure the current demand for Apartments in Blacktown???

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