Housing Australia



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CEDA will release a research report in August 2017 on the issue of housing.

Historically low interest rates, an unprecedented period of continuous economic growth and strong levels of migration have contributed to escalating housing prices in parts of Australia. The rapid pace of house price
growth, particularly in Sydney and Melbourne, are not only causing significant social and equity issues – it threatens to undermine the resilience of the Australian economy, according to the OECD.

Younger people are finding it hard to get into the housing market, with the RBA noting declines in home ownership rates among people aged 25–34 (from 61.4 per cent in 1981 to 48.4 per cent in 2011) and 35– 44 (from 74.3 per cent to 65.3 per cent over the same period). In addition, the poorest in society are finding it increasingly difficult to get into the housing market. Between the census periods 1981 and 2011, the level of home ownership of those in the lowest household income quintile fell from 62.7 per cent to 31.3. per cent,
along with a decrease of 10 per cent in the second lowest income quintile, according to Burke et al., 2014.

This policy perspective will examine:

  • Housing trends in Australia;
  • The experience of Australia’s housing sector compared with other countries in the OECD;
  • Supply of housing: from land availability to changes in the composition of housing stock;
  • Drivers of demand and possible policy levers; and
  • The intergenerational consequences of high housing costs and falling home ownership. 

CEDA Contribution, chapters and authors

CEDA executive summary, overview and policy recommendations

Dr Judith Yates, Associate Professor in the School of Economics, University of Sydney

Chapter one: Is the current period of price movements unusual?

Dr Nigel Stapledon, Real Estate Research Fellow, Centre for Applied Economic Research, UNSW

Chapter two: The supply of housing

Professor Christian Leishman, former Professor of Housing Economics, Heriot-Watt University, Edinburgh, Scotland, soon to commence as Director, Centre for Housing, Urban and Regional Planning, University of Adelaide

Chapter three: The demand for housing

Associate Professor Emma Baker, ARC Future Fellow, School of Architecture and Built Environment, University of Adelaide

Chapter four: Intergenerational consequences

Professor Rachel Ong, Deputy Director, Bankwest Curtin Economics Centre, Curtin University

Chapter five: The impact of tax regulation on housing

Associate Professor David Morrison, School of Law, Faculty of Business, Economics and Law, The University of Queensland

Chapter six: Case study: mixed use urban projects

Gavin Tonnet, National Head Apartments Mixed Use & General Manager Residential at Stockland

 

Report launch and release events

This report will be launched in Melbourne, with events to follow in Perth, Brisbane, Sydney and Adelaide.

 

Sponsorship opportunities available

Align your brand with CEDA and communicate with hard-to-reach business, government and policy leaders by sponsoring this research report. Contact Sharon Braun, on 03 9652 8409 or email.

Recent CEDA research

   

Migration: the economic debate 

(November 2016)  

VET: securing skills for growth

(August 2016)     

Australia's economic future: an agenda for growth

(June 2016)           

Deficit to balance: budget repair options

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Global networks: transforming how Australia does business

(November 2015)