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First Home Ownership

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Author Info
Productivity Commission
Abstract

The terms of reference for the inquiry on First Home Ownership asked the Commission to evaluate the affordability and availability of housing for first home buyers. The Commission’s preliminary findings were released for public comment in December. In its final assessment, the Commission maintained that there was no ‘quick fix’ to make housing more affordable for first home buyers. To the extent that currently low affordability reflects cyclical pressures, the situation would improve over time. However, the Commission identified a number of policy areas that can serve to exacerbate price pressures over the cycle.

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Paper provided by EconWPA in its series Others with number 0410007.

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Date of creation: 05 Oct 2004
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Handle: RePEc:wpa:wuwpot:0410007

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Web page: http://129.3.20.41

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Related research
Keywords: Building industry Building societies Construction industry Families Family Finance Finance companies First home owners Goods and Services tax (GST) Home finance Home loans Housing Interest rates Land title Mortgages Planning Rent Rental properties Residential land Stamp duty

Find related papers by JEL classification:
P - Economic Systems
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
Z - Other Special Topics

This paper has been announced in the following NEP Reports:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Kostas Tsatsaronis & Haibin Zhu, 2004. "What drives housing price dynamics: cross-country evidence," BIS Quarterly Review, Bank for International Settlements, March. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Peter Abelson & Demi Chung, 2004. "Housing Prices in Australia - 1970 to 2003," Research Papers 0409, Macquarie University, Department of Economics. [Downloadable!]
  2. Arthur Grimes & Suzi Kerr & Andrew Aitken, 2004. "Bi-Directions Impacts of Economic, Social and Environmental Changes and the New Zealand Housing Market," Working Papers 04_09, Motu Economic and Public Policy Research. [Downloadable!]
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