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  • The Impact of the GST on Mortgage Yield Spreads of Australian Building Societies

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    74910_1.pdf (222.8Kb)
    Author(s)
    Liu, Benjamin
    Huang, Allen
    Griffith University Author(s)
    Huang, Allen R.
    Liu, Benjamin
    Year published
    2011
    Metadata
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    Abstract
    Australia has experienced significant rises in mortgage costs and sharp declines in housing affordability in the last few decades, particularly since it implemented a new tax system of Goods and Services Tax (GST) in July 2000. Prior research has attempted to examine the influence of the GST on general price levels, but little research effort has been directed to investigate the impact of the GST on mortgage costs. Using proprietary data of major building societies in Australia for 36 months, this paper examines the changes of mortgage yield spreads in the pre-and post-GST periods for building societies. Results suggest that ...
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    Australia has experienced significant rises in mortgage costs and sharp declines in housing affordability in the last few decades, particularly since it implemented a new tax system of Goods and Services Tax (GST) in July 2000. Prior research has attempted to examine the influence of the GST on general price levels, but little research effort has been directed to investigate the impact of the GST on mortgage costs. Using proprietary data of major building societies in Australia for 36 months, this paper examines the changes of mortgage yield spreads in the pre-and post-GST periods for building societies. Results suggest that the lenders significantly increased their mortgage charges in the post-GST periods. For example, the increase is found to be, on average, 59.0 basis points which are much higher than that of banks.
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    Journal Title
    Journal of Modern Accounting and Auditing
    Volume
    7
    Issue
    9
    Publisher URI
    http://davidpublishing.org/davidpublishing/journals/J2/acc2011/accountant2011/440.html
    Copyright Statement
    © 2011 David Publishing. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
    Subject
    Finance
    Accounting, Auditing and Accountability
    Business and Management
    Publication URI
    http://hdl.handle.net/10072/42715
    Collection
    • Journal articles

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