Over the past two decades a number of countries have experienced an increase in house prices at the same time that aggregate consumption has been observed to increase. Alternative hypotheses have been put forward to explain this pattern. In this paper we test these hypotheses by using repeated...

Australia has exhibited a remarkably stable home-ownership rate of 70 per cent for over thee decades. However, this paper questions whether this rate is sustainable. Decomposition techniques based on tenure choice models are used to provide evidence of changing homeownership patterns in...

This paper critically evaluates reforms which have been proposed to counter the effects of the growing imbalance between direct and indirect assistance for housing. It proposes a radical restructuring of assistance based on a form of support which enables the shelter and asset components of...

Significant changes were introduced to the finance of social and affordable rental housing in Australia from 2007. These aimed to restructure social housing provision and encourage an increase in the supply of affordable housing. This paper evaluates these changes in light of experience with the...

This paper uses unit record survey data to implement a 1977 United Nations recommendation that imputed rent from owner-occupied housing be included in household income in statistics collected for income distribution purposes. The conceptual difficulties associated with employing the recommended...

This article explores the extent to which the deregulation of the Australian financial system over the past few years has borne out the claims of the Campbell and Martin Reports with regard to housing finance. It concludes that claims that there would be an increase in the availability of...

This paper contributes to an exploration of the potential causes (as distinct from existence) of social and spatial polarisation. It focuses on the changing provision of low-rent housing in a spatial context, and hence on the role that the private rental market plays in the residential choices...

When home ownership is the dominant tenure form in any country, the fiscal subsidies directed towards it need continual reassessment. This paper updates an earlier study on direct and indirect assistance to home ownership in Australia, a country with a mature home ownership sector. It examines...