Bridging the Gap between Housing Stress and Financial Stress: The Case of Australia

In recent decades, housing affordability has been increasingly linked to household financial outcomes where high housing costs relative to income are perceived to negatively affect financial well-being. However, the traditional measure of housing affordability in Australia is housing stress, which i...

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Main Authors: Rowley, Steven, Ong, Rachel, Haffner, M.
Format: Journal Article
Published: Routledge 2015
Subjects:
Online Access:http://www.tandfonline.com/toc/chos20/current#.VMafifldVPN
http://hdl.handle.net/20.500.11937/16263
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author Rowley, Steven
Ong, Rachel
Haffner, M.
author_facet Rowley, Steven
Ong, Rachel
Haffner, M.
author_sort Rowley, Steven
building Curtin Institutional Repository
collection Online Access
description In recent decades, housing affordability has been increasingly linked to household financial outcomes where high housing costs relative to income are perceived to negatively affect financial well-being. However, the traditional measure of housing affordability in Australia is housing stress, which is subject to widespread criticism as an inadequate representation of overall financial stress. This methodological paper first determines the extent to which housing stress correlates with experiences of financial stress and, second, demonstrates ways in which the measure can be modified to deliver a more reliable indication of how housing costs affect financial well-being. The study contributes to the international literature by showing how the use of longitudinal data can improve the measure of housing stress providing a more accurate assessment of the relationship between housing costs and financial well-being.
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publishDate 2015
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spelling curtin-20.500.11937-162632017-01-30T11:54:51Z Bridging the Gap between Housing Stress and Financial Stress: The Case of Australia Rowley, Steven Ong, Rachel Haffner, M. well-being housing affordability expenditure-to-income ratio financial stress Housing stress In recent decades, housing affordability has been increasingly linked to household financial outcomes where high housing costs relative to income are perceived to negatively affect financial well-being. However, the traditional measure of housing affordability in Australia is housing stress, which is subject to widespread criticism as an inadequate representation of overall financial stress. This methodological paper first determines the extent to which housing stress correlates with experiences of financial stress and, second, demonstrates ways in which the measure can be modified to deliver a more reliable indication of how housing costs affect financial well-being. The study contributes to the international literature by showing how the use of longitudinal data can improve the measure of housing stress providing a more accurate assessment of the relationship between housing costs and financial well-being. 2015 Journal Article http://hdl.handle.net/20.500.11937/16263 http://www.tandfonline.com/toc/chos20/current#.VMafifldVPN Routledge restricted
spellingShingle well-being
housing affordability
expenditure-to-income ratio
financial stress
Housing stress
Rowley, Steven
Ong, Rachel
Haffner, M.
Bridging the Gap between Housing Stress and Financial Stress: The Case of Australia
title Bridging the Gap between Housing Stress and Financial Stress: The Case of Australia
title_full Bridging the Gap between Housing Stress and Financial Stress: The Case of Australia
title_fullStr Bridging the Gap between Housing Stress and Financial Stress: The Case of Australia
title_full_unstemmed Bridging the Gap between Housing Stress and Financial Stress: The Case of Australia
title_short Bridging the Gap between Housing Stress and Financial Stress: The Case of Australia
title_sort bridging the gap between housing stress and financial stress: the case of australia
topic well-being
housing affordability
expenditure-to-income ratio
financial stress
Housing stress
url http://www.tandfonline.com/toc/chos20/current#.VMafifldVPN
http://hdl.handle.net/20.500.11937/16263