The Growing Intergenerational Housing Wealth Divide: Drivers And Interactions In Australia
This paper unpacks the drivers of growing intergenerational housing wealth inequality in Australia. We also account for the multidimensional nature of housing wealth divides by examining the interaction between age and other divides. We find that the Australian intergenerational housing wealth gap w...
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | English |
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ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
2023
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| Subjects: | |
| Online Access: | http://purl.org/au-research/grants/arc/FT200100422 http://hdl.handle.net/20.500.11937/93871 |
| _version_ | 1848765804451987456 |
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| author | ViforJ, Rachel Ong Phelps, Christopher |
| author_facet | ViforJ, Rachel Ong Phelps, Christopher |
| author_sort | ViforJ, Rachel Ong |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This paper unpacks the drivers of growing intergenerational housing wealth inequality in Australia. We also account for the multidimensional nature of housing wealth divides by examining the interaction between age and other divides. We find that the Australian intergenerational housing wealth gap widened from 161% in 1997–98 to 234% in 2017–18, favouring the older cohort. This was driven by lower rates of homeownership and lower property value growth among younger cohorts, with the relative lack of homeownership access the more significant driver. However, higher rates of couple formation and tertiary education amongst the young mitigated a further widening of the gap. The intergenerational housing wealth gap is exacerbated within specific population subgroups. The growing housing wealth gap between the income-poor young and income-rich old has been particularly alarming, climbing from 532% to 1230% over two decades. We discuss implications for policies seeking to alleviate intergenerational tensions in housing markets. |
| first_indexed | 2025-11-14T11:41:04Z |
| format | Journal Article |
| id | curtin-20.500.11937-93871 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T11:41:04Z |
| publishDate | 2023 |
| publisher | ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-938712024-08-02T02:00:12Z The Growing Intergenerational Housing Wealth Divide: Drivers And Interactions In Australia ViforJ, Rachel Ong Phelps, Christopher Science & Technology Social Sciences Life Sciences & Biomedicine Environmental Studies Regional & Urban Planning Urban Studies Environmental Sciences & Ecology Public Administration Housing wealth inequality intergenerational homeownership EQUITY WITHDRAWAL HOMEOWNERSHIP INEQUALITY OWNERSHIP ACCUMULATION SECURITY GAP This paper unpacks the drivers of growing intergenerational housing wealth inequality in Australia. We also account for the multidimensional nature of housing wealth divides by examining the interaction between age and other divides. We find that the Australian intergenerational housing wealth gap widened from 161% in 1997–98 to 234% in 2017–18, favouring the older cohort. This was driven by lower rates of homeownership and lower property value growth among younger cohorts, with the relative lack of homeownership access the more significant driver. However, higher rates of couple formation and tertiary education amongst the young mitigated a further widening of the gap. The intergenerational housing wealth gap is exacerbated within specific population subgroups. The growing housing wealth gap between the income-poor young and income-rich old has been particularly alarming, climbing from 532% to 1230% over two decades. We discuss implications for policies seeking to alleviate intergenerational tensions in housing markets. 2023 Journal Article http://hdl.handle.net/20.500.11937/93871 10.1080/14036096.2022.2161622 English http://purl.org/au-research/grants/arc/FT200100422 ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD fulltext |
| spellingShingle | Science & Technology Social Sciences Life Sciences & Biomedicine Environmental Studies Regional & Urban Planning Urban Studies Environmental Sciences & Ecology Public Administration Housing wealth inequality intergenerational homeownership EQUITY WITHDRAWAL HOMEOWNERSHIP INEQUALITY OWNERSHIP ACCUMULATION SECURITY GAP ViforJ, Rachel Ong Phelps, Christopher The Growing Intergenerational Housing Wealth Divide: Drivers And Interactions In Australia |
| title | The Growing Intergenerational Housing Wealth Divide: Drivers And Interactions In Australia |
| title_full | The Growing Intergenerational Housing Wealth Divide: Drivers And Interactions In Australia |
| title_fullStr | The Growing Intergenerational Housing Wealth Divide: Drivers And Interactions In Australia |
| title_full_unstemmed | The Growing Intergenerational Housing Wealth Divide: Drivers And Interactions In Australia |
| title_short | The Growing Intergenerational Housing Wealth Divide: Drivers And Interactions In Australia |
| title_sort | growing intergenerational housing wealth divide: drivers and interactions in australia |
| topic | Science & Technology Social Sciences Life Sciences & Biomedicine Environmental Studies Regional & Urban Planning Urban Studies Environmental Sciences & Ecology Public Administration Housing wealth inequality intergenerational homeownership EQUITY WITHDRAWAL HOMEOWNERSHIP INEQUALITY OWNERSHIP ACCUMULATION SECURITY GAP |
| url | http://purl.org/au-research/grants/arc/FT200100422 http://hdl.handle.net/20.500.11937/93871 |