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Housing Investment and the Private Rental Sector in Australia

Author

Listed:
  • Andrew Beer

    (School of Geography, Population and Environmental Management, Flinders University of South Australia, GPO Box 2100, Adelaide, South Australia 5001, andrew.beer@flinders.edu.au)

Abstract

Over the past two decades, the private rental sector has changed its role within the Australian housing system as it has moved from being a tenure of transition, comprised principally of young households saving to enter home-ownership, to a tenure of long-term occupancy. Rising real house prices, soaring interest rates, changes in the nature of paid work and an increase in the number of household deaths through divorce or separation, has seen an increasing proportion of households either unable to enter home purchase, or unable to maintain their position within this tenure. In addition, access to publicly provided housing has declined. This paper considers the changing environment for private rental housing in Australia and examines the nature of investors and the size of their investment in the housing stock, as well as the impact of their investment strategies on the operation of the housing market.

Suggested Citation

  • Andrew Beer, 1999. "Housing Investment and the Private Rental Sector in Australia," Urban Studies, Urban Studies Journal Limited, vol. 36(2), pages 255-269, February.
    • Handle: RePEc:sae:urbstu:v:36:y:1999:i:2:p:255-269
    DOI: 10.1080/0042098993592
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    References listed on IDEAS

    as
    1. Tim Callen, 1991. "Estimates of Private Sector Wealth," RBA Research Discussion Papers rdp9109, Reserve Bank of Australia.
    2. Bourassa, Steven C. & Hendershott, Patric H., 1992. "Changes in the relative incentives to invest in housing: Australia, Sweden, and the United States," Journal of Housing Economics, Elsevier, vol. 2(1), pages 60-83, March.
    3. A. W. Dilnot, 1990. "The Distribution and Composition of Personal Sector Wealth in Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 23(1), pages 33-40, March.
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