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    The Australian Housing System: A Quiet Revolution?

    Access Status
    Fulltext not available
    Authors
    Wood, Gavin
    Ong, R.
    Date
    2017
    Type
    Journal Article
    
    Metadata
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    Citation
    Wood, G. and Ong, R. 2017. The Australian Housing System: A Quiet Revolution Australian Economic Review. 50 (2): pp. 197-204.
    Source Title
    Australian Economic Review
    DOI
    10.1111/1467-8462.12220
    ISSN
    0004-9018
    School
    Bankwest-Curtin Economics Centre
    URI
    http://hdl.handle.net/20.500.11937/54020
    Collection
    • Curtin Research Publications
    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.

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