The Effect of Rent Increases on Housing Stress in Australia

Quoc Vu

The Effect of Rent Increases on Housing Stress in Australia

Quoc Vu

Institute for Governance & Policy Analysis

Research output: A Conference proceeding or a Chapter in Book › Conference contribution › peer-review

1 Citation (Scopus)

Abstract

This paper estimates the impact of various rent increase scenarios on the housing stress situation in Australia and its regions from 2007-08 to 2011-12. It projects that if rent is increased by 10% per annum the rate of housing stress would increase from the current rate of just over 13 per cent to 25 per cent in 2011-12, or from over 292,000 to nearly 566,000 households. Queensland has the highest rates of housing stress, followed by New South Wale and Victoria. Tasmania, South Australia and Western Australia have the lowest rates. Overall, the rates are slightly greater in non-metropolitan than metropolitan areas. Differences in disposable income and rent levels are the main reason for the varying rates between regions. This paper reinforces the conclusions of previous studies of a range of policies to tackle the housing affordability problem, and emphasises the need for a low and stable interest rate regime and regulation of rent levels. It also calls for suitable policies at the State and local level to address the gap in housing stress rates

Original language	English
Title of host publication	Reshaping Australasian Housing Research: Refereed Papers and Presentations form the 2nd Australasian Housing Researchers' Conference
Editors	A Jones, T Seeling, A Thompson
Place of Publication	Queensland
Publisher	University of Queensland
Pages	1-15
Number of pages	15
Volume	2007
Publication status	Published - 2008
Event	AHRC 07 - Brisbane, Australia Duration: 20 Jun 2007 → 22 Jun 2007

Conference

Conference	AHRC 07
Country/Territory	Australia
City	Brisbane
Period	20/06/07 → 22/06/07

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

https://webarchive.nla.gov.au/awa/20081219033352/http://pandora.nla.gov.au/pan/13950/20081219-0000/117.pdf

Cite this

Vu, Q. (2008). The Effect of Rent Increases on Housing Stress in Australia. In A. Jones, T. Seeling, & A. Thompson (Eds.), Reshaping Australasian Housing Research: Refereed Papers and Presentations form the 2nd Australasian Housing Researchers' Conference (Vol. 2007, pp. 1-15). University of Queensland. https://webarchive.nla.gov.au/awa/20081219033352/http://pandora.nla.gov.au/pan/13950/20081219-0000/117.pdf

@inproceedings{767a406224da46c8bb92906ac49bf791,

title = "The Effect of Rent Increases on Housing Stress in Australia",

abstract = "This paper estimates the impact of various rent increase scenarios on the housing stress situation in Australia and its regions from 2007-08 to 2011-12. It projects that if rent is increased by 10% per annum the rate of housing stress would increase from the current rate of just over 13 per cent to 25 per cent in 2011-12, or from over 292,000 to nearly 566,000 households. Queensland has the highest rates of housing stress, followed by New South Wale and Victoria. Tasmania, South Australia and Western Australia have the lowest rates. Overall, the rates are slightly greater in non-metropolitan than metropolitan areas. Differences in disposable income and rent levels are the main reason for the varying rates between regions. This paper reinforces the conclusions of previous studies of a range of policies to tackle the housing affordability problem, and emphasises the need for a low and stable interest rate regime and regulation of rent levels. It also calls for suitable policies at the State and local level to address the gap in housing stress rates",

author = "Quoc Vu",

year = "2008",

language = "English",

volume = "2007",

pages = "1--15",

editor = "A Jones and T Seeling and A Thompson",

booktitle = "Reshaping Australasian Housing Research: Refereed Papers and Presentations form the 2nd Australasian Housing Researchers' Conference",

publisher = "University of Queensland",

address = "Australia",

note = "AHRC 07 ; Conference date: 20-06-2007 Through 22-06-2007",

}

Vu, Q 2008, The Effect of Rent Increases on Housing Stress in Australia. in A Jones, T Seeling & A Thompson (eds), Reshaping Australasian Housing Research: Refereed Papers and Presentations form the 2nd Australasian Housing Researchers' Conference. vol. 2007, University of Queensland, Queensland, pp. 1-15, AHRC 07, Brisbane, Australia, 20/06/07. <https://webarchive.nla.gov.au/awa/20081219033352/http://pandora.nla.gov.au/pan/13950/20081219-0000/117.pdf>

The Effect of Rent Increases on Housing Stress in Australia. / Vu, Quoc.
Reshaping Australasian Housing Research: Refereed Papers and Presentations form the 2nd Australasian Housing Researchers' Conference. ed. / A Jones; T Seeling; A Thompson. Vol. 2007 Queensland: University of Queensland, 2008. p. 1-15.

Research output: A Conference proceeding or a Chapter in Book › Conference contribution › peer-review

TY - GEN

T1 - The Effect of Rent Increases on Housing Stress in Australia

AU - Vu, Quoc

PY - 2008

Y1 - 2008

N2 - This paper estimates the impact of various rent increase scenarios on the housing stress situation in Australia and its regions from 2007-08 to 2011-12. It projects that if rent is increased by 10% per annum the rate of housing stress would increase from the current rate of just over 13 per cent to 25 per cent in 2011-12, or from over 292,000 to nearly 566,000 households. Queensland has the highest rates of housing stress, followed by New South Wale and Victoria. Tasmania, South Australia and Western Australia have the lowest rates. Overall, the rates are slightly greater in non-metropolitan than metropolitan areas. Differences in disposable income and rent levels are the main reason for the varying rates between regions. This paper reinforces the conclusions of previous studies of a range of policies to tackle the housing affordability problem, and emphasises the need for a low and stable interest rate regime and regulation of rent levels. It also calls for suitable policies at the State and local level to address the gap in housing stress rates

AB - This paper estimates the impact of various rent increase scenarios on the housing stress situation in Australia and its regions from 2007-08 to 2011-12. It projects that if rent is increased by 10% per annum the rate of housing stress would increase from the current rate of just over 13 per cent to 25 per cent in 2011-12, or from over 292,000 to nearly 566,000 households. Queensland has the highest rates of housing stress, followed by New South Wale and Victoria. Tasmania, South Australia and Western Australia have the lowest rates. Overall, the rates are slightly greater in non-metropolitan than metropolitan areas. Differences in disposable income and rent levels are the main reason for the varying rates between regions. This paper reinforces the conclusions of previous studies of a range of policies to tackle the housing affordability problem, and emphasises the need for a low and stable interest rate regime and regulation of rent levels. It also calls for suitable policies at the State and local level to address the gap in housing stress rates

M3 - Conference contribution

VL - 2007

SP - 1

EP - 15

BT - Reshaping Australasian Housing Research: Refereed Papers and Presentations form the 2nd Australasian Housing Researchers' Conference

A2 - Jones, A

A2 - Seeling, T

A2 - Thompson, A

PB - University of Queensland

CY - Queensland

T2 - AHRC 07

Y2 - 20 June 2007 through 22 June 2007

ER -

The Effect of Rent Increases on Housing Stress in Australia

Abstract

Conference

UN SDGs

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