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Financial Deregulation and Access to Home Ownership in Australia

Author

Listed:
  • Gavin A. Wood

    (School of Economics and Commerce, Murdoch University, Murdoch, Western Australia 6150, Australia)

  • Shane Bushe-Jones

    (School of Economics and Commerce, Murdoch University, Murdoch, Western Australia 6150, Australia)

Abstract

Since the deregulation of Australian Housing Finance interest rates in early 1986 the market has determined the rate prospective home buyers must meet for their loans. Deregulation has brought higher interest rates and considerable public discussion concerning the plight of home buyers and these interest rate rises. The paper analyses post-1985 interest rate, house price and incomes data from six capital cities, and computes movements in the deposit gap (the difference between borrowing capacity and house prices). The empirical work demonstrates that, by the fourth quarter of 1988, house price inflation was the major factor contributing to a widening of the deposit gap.

Suggested Citation

  • Gavin A. Wood & Shane Bushe-Jones, 1990. "Financial Deregulation and Access to Home Ownership in Australia," Urban Studies, Urban Studies Journal Limited, vol. 27(4), pages 583-590, August.
    • Handle: RePEc:sae:urbstu:v:27:y:1990:i:4:p:583-590
    DOI: 10.1080/00420989020080531
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    References listed on IDEAS

    as
    1. Ross A. Williams, 1984. "Housing Policy In Australia," Economic Papers, The Economic Society of Australia, vol. 3(3), pages 38-50, September.
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    Cited by:

    1. Orbeta, Aniceto Jr. C. & Llanto, Gilberto M. & Sanchez-Robielos, Maria Teresa & Tang, Marie Christine, 1998. "A Study of Housing Subsidies in the Philippines," Discussion Papers DP 1998-42, Philippine Institute for Development Studies.
    2. Robert Leeson, 1992. "Financial Deregulation and Access to Home Ownership in Australia: An Examination of the Evidence," Urban Studies, Urban Studies Journal Limited, vol. 29(7), pages 1191-1193, October.

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    1. Gavin A. Wood, 1990. "Housing Finance and Subsidy Systems in Australia," Urban Studies, Urban Studies Journal Limited, vol. 27(6), pages 847-876, December.

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