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Is Australia's Home-ownership Rate Really Stable? An Examination of Change between 1975 and 1994

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  • Judith Yates

    (Department of Economics, University of Sydney, Sydney, NSW 2006, Australia, judyy@econ.usyd.edu.au)

Abstract

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 Australia between 1975 and 1994. The results indicate a distinct change in home-ownership propensities which is neither uniform across age-groups, nor uniform for different household types with both the same and with different levels of income. A number of tentative explanations are proposed, each of which provides the basis for further research on the factors affecting household tenure decisions. This is essential if the potential for a significant decline in home-ownership is to be seen as a matter of concern.

Suggested Citation

  • Judith Yates, 2000. "Is Australia's Home-ownership Rate Really Stable? An Examination of Change between 1975 and 1994," Urban Studies, Urban Studies Journal Limited, vol. 37(2), pages 319-342, February.
    • Handle: RePEc:sae:urbstu:v:37:y:2000:i:2:p:319-342
    DOI: 10.1080/0042098002212
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    References listed on IDEAS

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    Cited by:

    1. Marion Kohler & Anthony Rossiter, 2005. "Property Owners in Australia: A Snapshot," RBA Research Discussion Papers rdp2005-03, Reserve Bank of Australia.
    2. Rachel Ong & Gavin Wood & Val Colic-Peisker, 2015. "Housing older Australians: Loss of homeownership and pathways into housing assistance," Urban Studies, Urban Studies Journal Limited, vol. 52(16), pages 2979-3000, December.
    3. Gavin A. Wood & Rachel Ong, 2017. "The Australian Housing System: A Quiet Revolution?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 50(2), pages 197-204, June.
    4. Tony Dalton, 2009. "Housing Policy Retrenchment: Australia and Canada Compared," Urban Studies, Urban Studies Journal Limited, vol. 46(1), pages 63-91, January.
    5. Gary Painter & Christian L. Redfearn, 2001. "The Role of Interest Rates in Influencing Long-Run Homeownership Rates," Working Paper 8629, USC Lusk Center for Real Estate.

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