A life cycle analysis of housing affordability options for first home owner-occupiers in Australia

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Guest, RS
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2005
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Abstract

This paper presents a life cycle analysis of several policies for improving housing affordability for first home owner-occupiers in Australia: the First Home Owner Grant, housing equity partnerships and deposit loans. The analysis is by simulation of a housing tenure choice model in which a representative adult household makes a lifetime plan concerning the timing of the first home purchase, and the amount of housing and non-housing consumption in each period. An insight from the life cycle framework is that policies to improve housing affordability can have a life cycle timing effect on housing demand and house prices.

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The Economic Record
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81
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254
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© 2005 Blackwell Publishing. The definitive version is available at [www.blackwell-synergy.com.]
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Economics
Commerce, management, tourism and services
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