IDEAS home Printed from https://ideas.repec.org/p/osf/socarx/h3tfk.html
   My bibliography  Save this paper

Affordable private rental supply and demand: short-term disruption (2016–2021) and longer-term structural change (1996–2021)

Author

Listed:
  • Reynolds, Margaret
  • Parkinson, Sharon
  • De Vries, Jacqueline
  • Hulse, Kath

Abstract

This research analyses the ABS Census to reveal changes in the supply of private rental housing affordable and available to lower-income households (Q1 and Q2 households) over both the short term (2016–21) and the longer term (1996–2021). It also provides analysis of how COVID-19 policy and population responses temporarily altered the long-run structural trajectory of the private rental sector (PRS) in Australia. In 2021, the Australian PRS housed more than 2.363 million households, a 17 per cent increase of nearly 340,000 households since the 2016 Census. This growth has been greater than total household growth in each intercensal period since 1996. Between 2016 and 2021 PRS growth was concentrated at mid-market levels; in dwellings renting from around $300–$530 per week ($2021). This continues a major change trend first established in 2011, reinforcing the structural shift to a market concentration of dwellings renting at mid-to-higher levels. The long-term shift in the national distribution of PRS household incomes reveals the growth of households with incomes at mid to high levels ($1,246 a week and above). In 1996, these ‘wealthier’ households comprised 40 per cent of all PRS households (or 489,000 households); in 2021, they comprised 64 per cent (or 1,519,000 households), a 211 per cent increase. In comparison, the total number of PRS households increased by 91 per cent between 1996 and 2021 (from 1,234,000 households to 2,362,000). Over the same time frame, there has been a relatively constant total number of lower income renters in the PRS; 508,000 households in1996 and 488,000 in 2024. Nevertheless, there was a shortage of 348,000 affordable and available private rental homes for very-low income (Q1) households in 2021 and that, as a result, 82 per cent of Q1 PRS households paid unaffordable rents.

Suggested Citation

  • Reynolds, Margaret & Parkinson, Sharon & De Vries, Jacqueline & Hulse, Kath, 2024. "Affordable private rental supply and demand: short-term disruption (2016–2021) and longer-term structural change (1996–2021)," SocArXiv h3tfk, Center for Open Science.
  • Handle: RePEc:osf:socarx:h3tfk
    DOI: 10.31219/osf.io/h3tfk
    as

    Download full text from publisher

    File URL: https://osf.io/download/65d52b44b018b6078a213675/
    Download Restriction: no

    File URL: https://libkey.io/10.31219/osf.io/h3tfk?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Martin, Chris & Hulse, Kath & Pawson, Hal & Hayward, Richard Donald, 2018. "The changing institutions of private rental housing: an international review," SocArXiv dzyrm, Center for Open Science.
    2. Kath Hulse & Judith Yates, 2017. "A private rental sector paradox: unpacking the effects of urban restructuring on housing market dynamics," Housing Studies, Taylor & Francis Journals, vol. 32(3), pages 253-270, April.
    3. Hulse, Kath & Parkinson, Sharon & Martin, Chris & Hayward, Richard Donald, 2018. "Inquiry into the future of the private rental sector," SocArXiv 6sb8r, Center for Open Science.
    4. Desiree Fields, 2018. "Constructing a New Asset Class: Property-led Financial Accumulation after the Crisis," Economic Geography, Taylor & Francis Journals, vol. 94(2), pages 118-140, March.
    5. Megan Nethercote, 2023. "The Techno-politics of Rental Housing Financialization: Real Estate Service Companies and Technocratic Expertise in Australia’s Build to Rent Market," Economic Geography, Taylor & Francis Journals, vol. 99(2), pages 191-219, March.
    6. Frances Brill & Sara Özogul, 2021. "Follow the Firm: Analyzing the International Ascendance of Build to Rent," Economic Geography, Taylor & Francis Journals, vol. 97(3), pages 235-256, May.
    7. Huang, Donna & Mason, Chris & Moran, Michael & Earles, Amber, 2020. "Policy coordination and housing outcomes during COVID-19," SocArXiv 8sr2u, Center for Open Science.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gurran, Nicole & Hulse, Kath & Dodson, Jago & Pill, Madeleine & Dowling, Robyn & reynolds, margaret & Maalsen, Sophia, 2021. "Urban productivity and affordable rental housing supply in Australian cities and regions," SocArXiv qrdb6, Center for Open Science.
    2. Hulse, Kath & Martin, Chris & James, Amity & Stone, Wendy & Hayward, Richard Donald, 2018. "Private rental in transition: institutional change, technology and innovation in Australia," SocArXiv yqbxj, Center for Open Science.
    3. Kate Booth & Dave Kendal, 2020. "Underinsurance as adaptation: Household agency in places of marketisation and financialisation," Environment and Planning A, , vol. 52(4), pages 728-746, June.
    4. ViforJ, Rachel Ong & Singh, Ranjodh & Baker, Emma & Bentley, Rebecca & Hewton, Jack, 2022. "Precarious housing and wellbeing: a multi-dimensional investigation," SocArXiv ezf83, Center for Open Science.
    5. Hulse, Kath & Parkinson, Sharon & Martin, Chris & Hayward, Richard Donald, 2018. "Inquiry into the future of the private rental sector," SocArXiv 6sb8r, Center for Open Science.
    6. Liu, Edgar & valentine, kylie & Batterham, Deb & Stone, Wendy & Martin, Chris & Parkinson, Sharon & Hynes, Danielle, 2023. "Poverty and Australian housing: findings from an Investigative Panel," SocArXiv q2tfs, Center for Open Science.
    7. Yanotti, Maria B. & Kangogo, Moses & Wright, Danika & Sarkar, Somwrita & Lyu, Fei, 2024. "House price dynamics and internal migration across Australia," SocArXiv r5eg2, Center for Open Science.
    8. Martin, Chris & Reeve, Rebecca & McCausland, Ruth & Baldry, Eileen & Burton, Pat & White, Rob & Thomas, Stuart, 2021. "Exiting prison with complex support needs: the role of housing assistance," SocArXiv rnk2c, Center for Open Science.
    9. Kath Hulse & Zoë Goodall, 2023. "Reforming the Private Rental Sector: Challenges in the 2020s and Beyond," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 56(2), pages 240-248, June.
    10. Ghasri, Milad & Stone, Wendy & Easthope, Hazel & Veeroja, Piret, 2022. "Predicting risk to inform housing policy and practice," SocArXiv shk5j, Center for Open Science.
    11. Lau, Mandy H.M. & Wei, Xueji, 2018. "Housing size and housing market dynamics: The case of micro-flats in Hong Kong," Land Use Policy, Elsevier, vol. 78(C), pages 278-286.
    12. Kath Hulse & Margaret Reynolds, 2018. "Investification: Financialisation of housing markets and persistence of suburban socio-economic disadvantage," Urban Studies, Urban Studies Journal Limited, vol. 55(8), pages 1655-1671, June.
    13. Zhenfa Li & Fulong Wu & Fangzhu Zhang, 2023. "Adaptable state-controlled market actors: Underwriters and investors in the market of local government bonds in China," Environment and Planning A, , vol. 55(8), pages 2088-2107, November.
    14. Wu, Fulong, 2022. "Land financialisation and the financing of urban development in China," Land Use Policy, Elsevier, vol. 112(C).
    15. James, Amity & Crowe, Adam & Tually, Selina & Sharam, Andrea & Faulkner, Debbie & Cebulla, Andreas & Hodgson, Helen & Webb, Eileen & Coram, Veronica & Singh, Ranjodh, 2022. "Housing aspirations of precariously housed older Australians," SocArXiv 2t6xs, Center for Open Science.
    16. Aveline-Dubach, Natacha, 2022. "The financialization of rental housing in Tokyo," Land Use Policy, Elsevier, vol. 112(C).
    17. Nygaard, Christian & Parkinson, Sharon & reynolds, margaret, 2021. "Agglomeration effects and housing market dynamics," SocArXiv k9tcx, Center for Open Science.
    18. Batterham, Deb & Tually, Selina & Coram, Veronica & McKinley, Kelly & Kolar, Violet & McNelis, Sean & Goodwin-Smith, Ian, 2023. "Crisis accommodation in Australia: now and for the future," SocArXiv n4f9d, Center for Open Science.
    19. Martin, Chris & Lawson, Julie & Milligan, Vivienne & Hartley, Chris & Pawson, Hal & Dodson, Jago, 2023. "Towards an Australian Housing and Homelessness Strategy: understanding national approaches in contemporary policy," SocArXiv h5tja, Center for Open Science.
    20. Alan S Duncan & Amity James & Steven Rowley, 2019. "Getting our house in order? BCEC Housing Affordability Report 2019," Bankwest Curtin Economics Centre Report series FWA12, Bankwest Curtin Economics Centre (BCEC), Curtin Business School.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osf:socarx:h3tfk. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: OSF (email available below). General contact details of provider: https://arabixiv.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.