Housing cooperatives are a growing presence in Australiaâ€™s housing system, providing a diversity of housing forms to a variety of household types across the income spectrum, typically serving low- and moderate-income households. International evidence shows that housing cooperatives can provide a range of housing from very low price points through to market rate in both non-urban and urban contexts. The research presented in this report reviewed a selection of international cooperative housing sectors in addition to the Australian context, with the aims of compiling current evidence for the social and financial benefits of housing cooperatives, to develop a framework to assess this in Australia; and to identify preliminary issues regarding the growth and diversification of housing cooperatives in Australia. Australian and international evidence for the benefits of housing cooperatives focuses on seven primary areas; greater levels of social capital, greater housing security and quality, health and wellbeing, skills acquisition, reduced costs, broader economic and development outcomes. Based on the international review, five factors can be seen to help the growth of cooperative housing in addition to supportive policy and/or public funding. Core amongst these are a stable asset base if the State itself is not the developer, access to appropriate finance, and familiarity and acceptance in the market. The growth and diversification of Australiaâ€™s cooperative housing sector requires assessment of its legislative and funding environment. Factors for consideration are: 1. Individual project viability; 2. Access to property title; 3. Appropriate development finance and resident mortgage mechanisms; 4. Policy support; 5. Appropriate regulation

Crabtree, Louise; Grimstad, Sidsel; McNeill, Joanne; Power, Emma

Housing cooperatives are a growing presence in Australiaâ€™s housing system, providing a diversity of housing forms to a variety of household types across the income spectrum, typically serving low- and moderate-income households. International evidence shows that housing cooperatives can provide a range of housing from very low price points through to market rate in both non-urban and urban contexts. The research presented in this report reviewed a selection of international cooperative housing sectors in addition to the Australian context, with the aims of compiling current evidence for the social and financial benefits of housing cooperatives, to develop a framework to assess this in Australia; and to identify preliminary issues regarding the growth and diversification of housing cooperatives in Australia. Australian and international evidence for the benefits of housing cooperatives focuses on seven primary areas; greater levels of social capital, greater housing security and quality, health and wellbeing, skills acquisition, reduced costs, broader economic and development outcomes. Based on the international review, five factors can be seen to help the growth of cooperative housing in addition to supportive policy and/or public funding. Core amongst these are a stable asset base if the State itself is not the developer, access to appropriate finance, and familiarity and acceptance in the market. The growth and diversification of Australiaâ€™s cooperative housing sector requires assessment of its legislative and funding environment. Factors for consideration are: 1. Individual project viability; 2. Access to property title; 3. Appropriate development finance and resident mortgage mechanisms; 4. Policy support; 5. Appropriate regulation

Louise Crabtree, Sidsel Grimstad (), Joanne McNeill and Emma Power
Additional contact information
Louise Crabtree: Western Sydney University, Institute for Culture and Society
Sidsel Grimstad: The University of Newcastle, Newcastle Business School
Joanne McNeill: Western Sydney University, Institute for Culture and Society
Emma Power: Western Sydney University, Institute for Culture and Society

No 2019-14, Newcastle Business School Discussion Paper Series: Research on the Frontiers of Knowledge from The University of Newcastle, Australia

Keywords: housing co-operatives; economic benefits; social benefits; housing policy; affordable housing; comparative housing policies. Original Report: National Housing Co-Operative Network, January 2019. (search for similar items in EconPapers)
JEL-codes: B52 D02 D23 D60 H H53 K11 L30 O18 O57 R20 R21 R31 R53 (search for similar items in EconPapers)
Pages: 128 pages
Date: 2019
New Economics Papers: this item is included in nep-hme
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