Housing Accessibility for First Home Buyers

Gianni La Cava (), Hannah Leal and Andrew Zurawski
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Hannah Leal: Reserve Bank of Australia
Andrew Zurawski: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2017, 19-28

Abstract: The ability of Australians to purchase their first home (`housing accessibility') has been an important topic of public debate recently. In this article, we construct an indicator of housing accessibility that suggests that the median potential first home buyer can currently afford about one-third of homes in Australia. However, accessibility varies significantly with geographic location, and the quality of housing affordable to potential first home buyers has declined, particularly in Sydney.

Keywords: housing accessibility; housing affordability; first home buyers; home ownership; owner-occupier; mortgage stress; rental affordability; renter stress (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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