Housing Affordability and Housing Investment Opportunity in Australia [electronic resource] /
Karamujic, Muharem.author.
Contrary to other developed economies, Australia has experienced a long-term deterioration in housing affordability even between housing price booms. The house price boom that came after the global financial crisis has intensified the stress on Australian housing affordability to yet higher levels, and is likely to continue to be a concern for some time to come. This book reviews a range of available approaches for the measurement of housing affordability, and examines recent empirical evidence on housing affordability in Australia. It begins by explaining the relevance of housing to governments at different levels, the emergence of the housing affordability problem, and the global importance of housing affordability. It then explores the causes of the recent explosion in the number of institutions offering home loan products, analysing features such as the size, composition and changes in total lending and home lending in Australia. The author goes on to investigate the consequences of the two most recent rounds of financial deregulation, as well as the trends in interest rate and property prices, and recent changes in typical borrower behaviour. The book concludes by reviewing a range of available approaches in the measurement of housing affordability. It assesses whether there is a level of adjustment in housing affordability, and finally analyses which housing market segment represents the better investment opportunity during housing boom periods.
Description based upon print version of record.
""Cover ""; ""Half-Title ""; ""Title ""; ""Copyright ""; ""Dedication ""; ""Contents""; ""List of Figures""; ""List of Tables""; ""Acknowledgements""; ""List of Abbreviations""; ""1 Introduction                     ""; ""1.1 Background                     ""; ""1.2 Objectives                     ""; ""1.3 Outline                  ""; ""2 Housing: Why Is It Important?                                      ""; ""2.1 Introduction                       ""; ""2.2 Housing trends                         ""; ""2.3 Governments and housing                                  ""
""2.3.1 Housings regulation by state/territory governments                                                               """"2.3.2 Housing taxation                             ""; ""2.3.3 Provision of public housing and development land by state and territory governments                                                                                                ""; ""2.3.4 The housing-related functions of local government                                                              ""; ""2.3.5 Housing assistance                               ""
""2.4 The emergence of the housing affordability problem                                                             """"2.4.1 National Affordability Housing Agreement                                                     ""; ""2.4.2 National Rental Affordability Scheme                                                 ""; ""2.4.3 Housing Affordability Fund                                       ""; ""2.4.4 First Home Owners Boost                                    ""; ""2.4.5 First Home Savers Accounts                                       ""
""2.4.6 Are these new programs sufficient to make a change?                                                                """"2.5 Why is housing affordability important?                                                  ""; ""2.6 Conclusion                     ""
""3 Major Reasons for an Increase in the Number of Institutions Offering Home Loan Products and in the Number of Home Loan Products Offered in the Australian Home Loan Market                                                                                                                                                                                   """"3.1 Introduction                       ""; ""3.2 The size, composition and changes in both total and home lending in Australia                                                                                        ""
""3.3 Consequences of the two most recent rounds of financial system deregulation                                                                                      ""
Includes bibliographical references and index.
Contrary to other developed economies, Australia has experienced a long-term deterioration in housing affordability even between housing price booms. The house price boom that came after the global financial crisis has intensified the stress on Australian housing affordability to yet higher levels, and is likely to continue to be a concern for some time to come. This book reviews a range of available approaches for the measurement of housing affordability, and examines recent empirical evidence on housing affordability in Australia. It begins by explaining the relevance of housing to governments at different levels, the emergence of the housing affordability problem, and the global importance of housing affordability. It then explores the causes of the recent explosion in the number of institutions offering home loan products, analysing features such as the size, composition and changes in total lending and home lending in Australia. The author goes on to investigate the consequences of the two most recent rounds of financial deregulation, as well as the trends in interest rate and property prices, and recent changes in typical borrower behaviour. The book concludes by reviewing a range of available approaches in the measurement of housing affordability. It assesses whether there is a level of adjustment in housing affordability, and finally analyses which housing market segment represents the better investment opportunity during housing boom periods.
Investment banking.
Securities.
Real estate management.
Economics.
Management science.
Investments and Securities.
Real Estate Management.
Economics, general.