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The life and death of the Australian permanent building societies

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  • Dianne Thomson
  • Malcolm Abbott

Abstract

Throughout the nineteenth and twentieth centuries permanent building societies have been important providers of housing finance in Australia. Despite their long history Australian building societies have been disappearing at a steady rate since the early 1980s as they have converted into banks or become involved in mergers. The purpose of this paper is to give a background account of the history of Australian building societies and put forward explanations for their past popularity and more recent disappearance from Australian housing finance markets.

Suggested Citation

  • Dianne Thomson & Malcolm Abbott, 1998. "The life and death of the Australian permanent building societies," Accounting History Review, Taylor & Francis Journals, vol. 8(1), pages 73-103.
    • Handle: RePEc:taf:acbsfi:v:8:y:1998:i:1:p:73-103
    DOI: 10.1080/095852098330594
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    References listed on IDEAS

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    1. Mester, Loretta J., 1992. "Traditional and nontraditional banking: An information-theoretic approach," Journal of Banking & Finance, Elsevier, vol. 16(3), pages 545-566, June.
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    3. Mester, Loretta J., 1991. "Agency costs among savings and loans," Journal of Financial Intermediation, Elsevier, vol. 1(3), pages 257-278, June.
    4. Leigh Drake, 1989. "The Building Society Industry in Transition," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-09680-0, October.
    5. Berger, Allen N. & Hunter, William C. & Timme, Stephen G., 1993. "The efficiency of financial institutions: A review and preview of research past, present and future," Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 221-249, April.
    6. Mervyn K. Lewis & Kevin T. Davis, 1987. "Domestic and International Banking," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121263, April.
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    Cited by:

    1. Monica Keneley, 2001. "The evolution of the Australian life insurance industry," Accounting History Review, Taylor & Francis Journals, vol. 11(2), pages 145-170.
    2. Malcolm Anderson, 1999. "Accounting History Publications 1998," Accounting History Review, Taylor & Francis Journals, vol. 9(3), pages 375-384.

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