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The life and death of the Australian permanent building societies

Dianne Thomson and Malcolm Abbott ()

Accounting History Review, 1998, vol. 8, issue 1, 73-103

Abstract: Throughout the nineteenth and twentieth centuries permanent building societies have been important providers of housing finance in Australia. Despite their long history Australian building societies have been disappearing at a steady rate since the early 1980s as they have converted into banks or become involved in mergers. The purpose of this paper is to give a background account of the history of Australian building societies and put forward explanations for their past popularity and more recent disappearance from Australian housing finance markets.

Keywords: Building Societies; Banks; Australia; Regulation; Conversion (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1080/095852098330594

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Handle: RePEc:taf:acbsfi:v:8:y:1998:i:1:p:73-103