The Australian Housing System: A Quiet Revolution?

Wood, G and Ong, R 2017, 'The Australian Housing System: A Quiet Revolution?', Australian Economic Review, vol. 50, no. 2, pp. 197-204.


Document type: Journal Article
Collection: Journal Articles

Title The Australian Housing System: A Quiet Revolution?
Author(s) Wood, G
Ong, R
Year 2017
Journal name Australian Economic Review
Volume number 50
Issue number 2
Start page 197
End page 204
Total pages 8
Publisher Wiley-Blackwell Publishing Asia
Abstract The Australian housing system is quietly undergoing a major transformation. Many young and middle-aged home owners are paying down large mortgages that leave them precariously positioned on the margins of ownership. As house prices have remained stubbornly high relative to incomes, renters are finding it increasingly difficult to achieve home ownership status. For some low income households, precarious housing circumstances will result in worrying levels of homelessness, which is symptomatic of a housing system that is failing the most vulnerable in society. This article describes long-run trends derived from nationally representative datasets that offer some insights into how the Australian housing system has reached this position.
Subject Urban and Regional Economics
Housing Markets, Development, Management
DOI - identifier 10.1111/1467-8462.12220
Copyright notice © 2017 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research
ISSN 0004-9018
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