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Author: Gavin WoodX
Australian Demographic Trends and Implications for Housing Assistance Programs Rachel Ong ViforJ, Gavin Wood, Melek Cigdem This report presents the findings from two programs of research. In the first (Part 1), we explore the implications of demographic change for government outlays on housing assistance, and the government tax revenues foregone as a result of concessions extended... Read article 1 July 2017Research Reports Read More
Inquiry into housing policies, labour force participation and economic growth Rachel Ong ViforJ, Gavin Wood, Stephen Whelan, Melek Cigdem, Kadir Atalay, Jago Dodson This Inquiry presents evidence on how housing policies might promote labour force participation and economic growth through four channels—housing supply responsiveness, labour mobility, employment decisions and consumption. Despite strong evidence of housing’s large presence in the economy, it is often... Read article 27 June 2017Research Reports Read More
The Australian housing system: a quiet revolution? Rachel Ong ViforJ, Gavin Wood The Australian housing system is quietly undergoing a major transformation. Many young and middle-aged home owners are paying down large mortgages that leave them precariously positioned on the margins of ownership. As house prices have remained stubbornly high relative to... Read article 1 June 2017 Read More
Housing Supply Responsiveness in Australia: Distribution, Drivers and Institutional Settings Tony Dalton, Gavin Wood, Nicole Gurran, Christopher Phelps, Steven Rowley, Rachel Ong ViforJ This study investigated the key drivers of Australian housing supply responsiveness; including price, topographical constraints, climate, existing land uses and planning regulations; and considered policy development options to improve the scale and speed of new housing supply responses. The key... Read article 18 May 2017Research Reports Read More
Housing supply responsiveness in Australia: distribution, drivers and institutional settings Rachel Ong ViforJ, Tony Dalton, Nicole Gurran, Christopher Phelps, Steven Rowley, Gavin Wood Key Findings A 1 per cent increase in the level of real housing prices is estimated to produce a 4.7 per cent (3.9%) increase in new house (unit) supply. These house price gains translate into a very small increase in... Read article 18 May 2017 Read More
Life on the edge: a perspective on precarious home ownership in Australia and the UK Gavin Wood, Susan J. Smith, Melek Cigdem, Rachel Ong ViforJ This paper focuses on two countries with debt-funded ownership-centred housing systems, Australia and the UK. Financially, there are similarities between these two societies, which have relatively ‘complete’, reasonably well-regulated mortgage markets, had limited exposure to the extremes of subprime, and... Read article 1 April 2017Journal Articles Read More
A new look at the channels from housing to employment decisions Melek Cigdem, Rachel Ong ViforJ, Gavin Wood The purpose of this study is to investigate the role of current housing assistance arrangements, housing wealth and mortgages in individuals’ employment decisions. The study also explores whether bequests or parental cash transfers, which are typically financed (directly or indirectly)... Read article 2 March 2017Research Reports Read More
Housing equity withdrawal: perceptions of obstacles among Australian home owners and service providers Rachel Ong ViforJ, Siobhan Austen, Therese Jefferson, Marietta Haffner, Gavin Wood Housing wealth dominates the asset portfolios of the older population in Australia and many other countries. Given the anticipated spike in fiscal costs associated with population ageing, there is growing policy interest in housing equity withdrawal (HEW) to finance living... Read article 20 February 2017Journal Articles Read More
Wellbeing at the edges of ownership Susan J. Smith, Melek Cigdem, Rachel Ong ViforJ, Gavin Wood The test of a well-functioning housing system is the wellbeing of its occupants. It may therefore seem encouraging that in jurisdictions dominated by mortgage-backed home ownership, owner-occupiers traditionally report better physical and mental health than renters. During the 2000s, however,... Read article 23 January 2017Journal Articles Read More
The edges of home ownership – the borders of sustainability Marietta Haffner, Rachel Ong ViforJ, Susan J. Smith, Gavin Wood In many Western countries the edges of ownership form a neglected zone between the majority tenure, sustainable owner-occupation, and the minority experience, long-term renting. In these tenure-divided societies, it is surprising that so little attention has been paid to the... Read article 1 January 2017Journal Articles Read More
Housing Tax Reform: Is there a way forward? Gavin Wood, Rachel Ong ViforJ, Melek Cigdem Australian home owners and investors benefit from various tax concessions. Home owner tax concessions are poorly targeted with older, higher income households the main beneficiaries. There could also be efficiency consequences if the tax favoured owner-occupied housing sector attracts investment... Read article 31 August 2016Journal Articles Read More
Housing older Australians: Loss of homeownership and pathways into housing assistance Rachel Ong ViforJ, Gavin Wood, Val Colic-Peisker In Australia and other ‘homeownership societies’ it has been conventional to think of housing pathways in terms of a smooth linear progression, leading to outright ownership in middle age and a retirement buffered by low housing costs. This vision of... Read article 1 December 2015Journal Articles Read More