A Life Cycle Analysis of Housing Affordability Options for First Home Owner‐Occupiers in Australia

Ross Guest ()

The Economic Record, 2005, vol. 81, issue 254, 237-248

Abstract: This paper presents a life cycle analysis of several policies for improving housing affordability for first home owner‐occupiers in Australia: the First Home Owner Grant, housing equity partnerships and deposit loans. The analysis is by simulation of a housing tenure choice model in which a representative adult household makes a lifetime plan concerning the timing of the first home purchase, and the amount of housing and non‐housing consumption in each period. An insight from the life cycle framework is that policies to improve housing affordability can have a life cycle timing effect on housing demand and house prices.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:bla:ecorec:v:81:y:2005:i:254:p:237-248

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