The Effect of Rent Increases on Housing Stress in Australia

Quoc Vu

    Research output: A Conference proceeding or a Chapter in BookConference contribution

    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 languageEnglish
    Title of host publicationReshaping Australasian Housing Research: Refereed Papers and Presentations form the 2nd Australasian Housing Researchers' Conference
    EditorsA Jones, T Seeling, A Thompson
    Place of PublicationQueensland
    PublisherThe University of Queensland
    Pages1-15
    Number of pages15
    Volume2007
    Publication statusPublished - 2008
    EventAHRC 07 - Brisbane, Australia
    Duration: 20 Jun 200722 Jun 2007

    Conference

    ConferenceAHRC 07
    CountryAustralia
    CityBrisbane
    Period20/06/0722/06/07

    Fingerprint

    Rent
    Queensland
    Income
    Interest rates
    IT project
    Metropolitan areas
    Scenarios
    Western Australia
    Housing affordability
    Household

    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). Queensland: The University of Queensland.
    Vu, Quoc. / The Effect of Rent Increases on Housing Stress in Australia. Reshaping Australasian Housing Research: Refereed Papers and Presentations form the 2nd Australasian Housing Researchers' Conference. editor / A Jones ; T Seeling ; A Thompson. Vol. 2007 Queensland : The University of Queensland, 2008. pp. 1-15
    @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",
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    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, The University of Queensland, Queensland, pp. 1-15, AHRC 07, Brisbane, Australia, 20/06/07.

    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 : The University of Queensland, 2008. p. 1-15.

    Research output: A Conference proceeding or a Chapter in BookConference contribution

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

    AU - Vu, Quoc

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    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

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

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