Intergenerational transfers and housing tenure - Australian evidence

Cigdem, M and Whelan, S 2017, 'Intergenerational transfers and housing tenure - Australian evidence', International Journal of Housing Policy, vol. 17, no. 2, pp. 227-248.

Document type: Journal Article
Collection: Journal Articles

Title Intergenerational transfers and housing tenure - Australian evidence
Author(s) Cigdem, M
Whelan, S
Year 2017
Journal name International Journal of Housing Policy
Volume number 17
Issue number 2
Start page 227
End page 248
Total pages 22
Publisher Routledge
Abstract Australia has a long tradition of home-ownership though there is evidence that rates of home-ownership are declining. Anecdotal evidence suggests that older Australians are facilitating home-ownership for younger cohorts through intergenerational transfers. This paper examines the relationship between housing tenure and transfers in the form of bequests and gifts. We find evidence that intergenerational transfers are associated with a higher probability that recipients subsequently transition into home-ownership. For those at the edges of home-ownership, intergenerational transfers potentially play an important role in facilitating home-ownership. Moreover, given the central role of homeownership for the savings and wealth accumulation of Australians, such patterns may exacerbate existing inequality and potentially undermine the role that housing may play in a broad-based policy of asset-based welfare.
Subject Urban and Regional Planning not elsewhere classified
Keyword(s) Bequests
Housing tenure
Intergenerational transfers
DOI - identifier 10.1080/19491247.2017.1278580
Copyright notice © 2017 Informa UK Limited, trading as Taylor & Francis Group.
ISSN 1949-1247
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