Retirees, Creatives and Housing Market Complexity: Challenges for Policy-Makers

Ashton de Silva, Sarah Sinclair and Sveta Angelopoulos

Australian Economic Review, 2016, vol. 49, issue 3, 340-351

Abstract: type="main" xml:lang="en">

Retirees and creatives, significant cohorts in the Australian economy, are used in this article to demonstrate the challenges faced by policy-makers when addressing the housing environment. The housing market is characterised by many participants, often with competing needs and wants, all contributing to the complexity of housing policy. As a result, policy can be difficult to define with multi-directional interdependencies. We identify five characteristics of complexity—uniqueness, layers of government, dynamism, actors and knowledge spheres—that if duly considered in the policy formation process could contribute to a more integrated approach that minimises negative and conflicting policy consequences.

Date: 2016
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