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Author: Gavin WoodX
Within-city dwelling price growth and convergence: trends from Australia’s large cities Christopher Phelps, Mark Harris, Rachel Ong ViforJ, Steven Rowley, Gavin Wood Within Australia’s larger cities, we observe differences in price dynamics across different sub-periods over the period 2001–2016. A combination of housing market cycles, policy reforms and different new supply configurations offers potential explanations. Neighbourhood dwelling prices within all cities and... Read article 29 December 2020Journal Articles Read More
Mortgage stress and precarious home ownership Rachel Ong ViforJ, Gavin Wood, Melek Cigdem, Silvia Salazar Between 1987 and 2015, the growth in mortgage debt outstripped both house price and income growth among older mortgagors (55+). Mortgage debt blew out by 600 per cent while house prices tripled. Income growth lagged even further behind, doubling over... Read article 29 August 2019Research Reports Read More
Spatial and Temporal Patterns in Housing Supply Rachel Ong ViforJ, Christopher Phelps, Steven Rowley, Gavin Wood This paper provides an analysis of spatial and temporal patterns in housing supply in Australia over the period 2005–06 to 2015–16. It shows that by international standards, per capita housing supply is very strong in Australia. However, housing supply is... Read article 1 September 2018Journal Articles Read More
Australian Demographic Trends and Implications for Housing Assistance Programs Rachel Ong ViforJ, Gavin Wood, Melek Cigdem This report, funded by the Australian Housing and Urban Research Institute (AHURI), 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... 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, funded by the Australian Housing and Urban Research Institute (AHURI), 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... 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 2017Journal Articles 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 from this report, funded by the Australian Housing and Urban Research Institute (AHURI), include the following: A 1 per cent increase in the level of real housing prices is estimated to produce a 4.7 per cent (3.9%) increase... Read article 18 May 2017Research Reports 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, funded by the Australian Housing and Urban Research Institute (AHURI), 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... Read article 2 March 2017Research Reports Read More
Housing equity withdrawal: perceptions of obstacles among Australian home owners and service providers Rachel Ong ViforJ, 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