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First Home Ownership

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  • Productivity Commission
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    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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    File URL: http://128.118.178.162/eps/othr/papers/0410/0410007.pdf
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    Bibliographic Info

    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://128.118.178.162

    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;

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    1. Kostas Tsatsaronis & Haibin Zhu, 2004. "What drives housing price dynamics: cross-country evidence," BIS Quarterly Review, Bank for International Settlements, March.
    2. John Freebairn, 2002. "Opportunities to Reform State Taxes," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 35(4), pages 405-422.
    3. Bordo, Michael D & Jeanne, Olivier, 2002. "Monetary Policy and Asset Prices: Does 'Benign Neglect' Make Sense?," International Finance, Wiley Blackwell, vol. 5(2), pages 139-64, Summer.
    4. Claudio Borio & Patrick McGuire, 2004. "Twin peaks in equity and housing prices?," BIS Quarterly Review, Bank for International Settlements, March.
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    Cited by:
    1. 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.
    2. Atalay, Kadir & Whelan, Stephen & Yates, Judith, 2013. "Housing Wealth and Household Consumption: New Evidence from Australia and Canada," Working Papers 2013-04, University of Sydney, School of Economics.

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