The Australian Housing System: A Quiet Revolution?

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 findi...

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Main Authors: Wood, Gavin, Ong, R.
Format: Journal Article
Published: Wiley-Blackwell Publishing Asia 2017
Online Access:http://hdl.handle.net/20.500.11937/54020
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author Wood, Gavin
Ong, R.
author_facet Wood, Gavin
Ong, R.
author_sort Wood, Gavin
building Curtin Institutional Repository
collection Online Access
description 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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spelling curtin-20.500.11937-540202017-09-13T16:11:54Z The Australian Housing System: A Quiet Revolution? Wood, Gavin Ong, R. 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. 2017 Journal Article http://hdl.handle.net/20.500.11937/54020 10.1111/1467-8462.12220 Wiley-Blackwell Publishing Asia restricted
spellingShingle Wood, Gavin
Ong, R.
The Australian Housing System: A Quiet Revolution?
title The Australian Housing System: A Quiet Revolution?
title_full The Australian Housing System: A Quiet Revolution?
title_fullStr The Australian Housing System: A Quiet Revolution?
title_full_unstemmed The Australian Housing System: A Quiet Revolution?
title_short The Australian Housing System: A Quiet Revolution?
title_sort australian housing system: a quiet revolution?
url http://hdl.handle.net/20.500.11937/54020