Housing Market Turnover

Hannah Leal, Stephanie Parsons, Graham White and Andrew Zurawski
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Hannah Leal: Reserve Bank of Australia
Stephanie Parsons: Reserve Bank of Australia
Andrew Zurawski: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2017, 21-30

Abstract: The rate of housing market turnover, an important indicator of housing market conditions, has trended lower since the early 2000s. This is partly because households are moving less often and fewer own their own homes. More recently, the increase in apartment building is likely to have resulted in measured turnover being understated. A lower housing turnover rate could reduce housing-related economic activity and might lead to lower household leverage than otherwise.

Keywords: Housing market turnover; HILDA Survey; Home ownership; Household mobility; Off-the-plan; Owner-occupier; Economic activity (search for similar items in EconPapers)
Date: 2017
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