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Housing Accessibility for First Home Buyers

Author

Listed:
  • Gianni La Cava

    (Reserve Bank of Australia)

  • Hannah Leal

    (Reserve Bank of Australia)

  • Andrew Zurawski

    (Reserve Bank of Australia)

Abstract

The ability of Australians to purchase their first home (`housing accessibility') has been an important topic of public debate recently. In this article, we construct an indicator of housing accessibility that suggests that the median potential first home buyer can currently afford about one-third of homes in Australia. However, accessibility varies significantly with geographic location, and the quality of housing affordable to potential first home buyers has declined, particularly in Sydney.

Suggested Citation

  • Gianni La Cava & Hannah Leal & Andrew Zurawski, 2017. "Housing Accessibility for First Home Buyers," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 19-28, December.
    • Handle: RePEc:rba:rbabul:dec2017-03
    as

    Download full text from publisher

    File URL: https://www.rba.gov.au/publications/bulletin/2017/dec/pdf/bu-1217-3-housing-accessibility-for-first-home-buyers.pdf
    Download Restriction: no
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    References listed on IDEAS

    as
    1. Tom Rosewall & Michael Shoory, 2017. "Houses and Apartments in Australia," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 1-12, June.
    2. John Simon & Tahlee Stone, 2017. "The Property Ladder after the Financial Crisis: The First Step is a Stretch but Those Who Make It Are Doing OK," RBA Research Discussion Papers rdp2017-05, Reserve Bank of Australia.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Jason Nassios & James Giesecke & Xianglong Locky Liu, 2024. "An impossible triangle? The impact of housing policy on affordability, accessibility, and efficiency," Centre of Policy Studies/IMPACT Centre Working Papers g-344, Victoria University, Centre of Policy Studies/IMPACT Centre.
    2. Lisa Adkins & Melinda Cooper & Martijn Konings, 2021. "Class in the 21st century: Asset inflation and the new logic of inequality," Environment and Planning A, , vol. 53(3), pages 548-572, May.

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