Achievement of home ownership among post‐war Australian cohorts
Year: 1991
Type: article
Study design: Observational Study
Abstract: Entry costs to home ownership have been rising in Australia since the mid‐1950s but home ownership rates had not fallen by the mid‐1980s. Drawing from a national life history survey carried out in 1986–87, this paper shows that median ages for first time home buying have been declining among successive cohorts over the post‐war era. The paradox of rising entry costs and earlier home buying may be explained by rising labour force participation among women immediately after marriage and awareness of the increasing financial returns from long‐term home ownership. Among the later cohorts, early entry to home ownership appears to have been associated particularly strongly with wives' employment after marriage and husbands' incomes. The findings suggest that access to home ownership in the future may be increasingly limited to young adults having high household incomes.
Source: Housing Studies
Authors: Max Neutze, Hal L. Kendig
Institutions: Australian National University, La Trobe University
Language: English
Topic: Housing Market and Economics
Subfield: Economics and Econometrics
Domain: Social Sciences
SDG: Reduced inequalities
Open Access status: green
OpenAlex ID: W2053791163