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An NPV Analysis of Buying versus Renting for Prospective Australian First Home Buyers

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  • Dominic Crowley
  • Shuyun May Li

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  • Dominic Crowley & Shuyun May Li, 2016. "An NPV Analysis of Buying versus Renting for Prospective Australian First Home Buyers," The Economic Record, The Economic Society of Australia, vol. 92(299), pages 606-630, December.
  • Handle: RePEc:bla:ecorec:v:92:y:2016:i:299:p:606-630
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    File URL: http://hdl.handle.net/10.1111/1475-4932.12286
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    References listed on IDEAS

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    3. Ryan Fox & Peter Tulip, 2014. "Is Housing Overvalued?," RBA Research Discussion Papers rdp2014-06, Reserve Bank of Australia.
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    5. Lu Han, 2013. "Understanding the Puzzling Risk-Return Relationship for Housing," Review of Financial Studies, Society for Financial Studies, vol. 26(4), pages 877-928.
    6. Mr. Shengzu Wang & Ms. Patrizia Tumbarello, 2010. "What Drives House Prices in Australia? A+L4584 Cross-Country Approach," IMF Working Papers 2010/291, International Monetary Fund.
    7. Rayna Brown & Rob Brown & Ian O’Connor & Gregory Schwann & Callum Scott, 2011. "The Other Side of Housing Affordability: The User Cost of Housing in Australia," The Economic Record, The Economic Society of Australia, vol. 87(279), pages 558-574, December.
    8. James Hansen, 2006. "Australian House Prices: A Comparison of Hedonic and Repeat-sales Measures," RBA Research Discussion Papers rdp2006-03, Reserve Bank of Australia.
    9. Chowdhury, Mamta & Mallik, Girijasankar, 2004. "Effects of Housing Allowances on Housing Prices in Australia: A Cointegration Analysis," Economic Analysis and Policy, Elsevier, vol. 34(1), pages 37-51, March.
    10. Di, Zhu Xiao & Belsky, Eric & Liu, Xiaodong, 2007. "Do homeowners achieve more household wealth in the long run?," Journal of Housing Economics, Elsevier, vol. 16(3-4), pages 274-290, November.
    11. Eli Beracha & Ken H. Johnson, 2012. "Lessons from Over 30 Years of Buy versus Rent Decisions: Is the American Dream Always Wise?," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 40(2), pages 217-247, June.
    12. Thomas A. Becker, 2010. "Outstanding Debt and the Household Portfolio," Review of Financial Studies, Society for Financial Studies, vol. 23(7), pages 2900-2934, July.
    13. Nalini Prasad & Anthony Richards, 2006. "Measuring Housing Price Growth – Using Stratification to Improve Median-based Measures," RBA Research Discussion Papers rdp2006-04, Reserve Bank of Australia.
    14. Paul Bloxham & Daisy McGregor & Ewan Rankin, 2010. "Housing Turnover and First-home Buyers," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 1-5, June.
    15. Peter Abelson & Roselyne Joyeux & George Milunovich & Demi Chung, 2005. "Explaining House Prices in Australia: 1970–2003," The Economic Record, The Economic Society of Australia, vol. 81(s1), pages 96-103, August.
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