Trends in Housing Stress

Ann Harding, Ben Phillips, Simon Kelly

    Research output: Contribution to conference (non-published works)Abstract

    Abstract

    This paper examines trends in housing stress between 1998 and 2004, using specially created versions of NATSEM’s STINMOD model. For the latter year, NATSEM was required to update the ABS 1999-00 and 2000-01 Surveys of Income and Housing Costs to 2004 estimates. While we employed what we consider to be reasonable assumptions to undertake this updating, the results can only be regarded as indicative for 2004. The definition of housing stress used in the study was that housing costs were greater than 30 per cent of disposable income and that the income unit was in the bottom 40 per cent of the income distribution. Using this definition, the study suggested that, by 2004, 8.8 per cent of income units were experiencing housing stress, down from 10.7 per cent in 1998. However, this definition of housing stress excluded the majority of home purchasers, only a small proportion of whom fell into the bottom 40 per cent of the income distribution. The study supported public perceptions about problems of housing affordability for first home buyers, with mortgage repayments as a percentage of disposable income increasing during the past six years for first home buyers.
    Original languageEnglish
    Pages1-16
    Number of pages16
    Publication statusPublished - 2004
    EventThe National Housing Affordability Summit - Canberra, Australia
    Duration: 27 Jun 200429 Jun 2004

    Conference

    ConferenceThe National Housing Affordability Summit
    CountryAustralia
    CityCanberra
    Period27/06/0429/06/04

    Fingerprint

    Income
    Buyers
    Costs
    Income distribution
    Mortgages
    Proportion
    Public perception
    Housing affordability

    Cite this

    Harding, A., Phillips, B., & Kelly, S. (2004). Trends in Housing Stress. 1-16. Abstract from The National Housing Affordability Summit, Canberra, Australia.
    Harding, Ann ; Phillips, Ben ; Kelly, Simon. / Trends in Housing Stress. Abstract from The National Housing Affordability Summit, Canberra, Australia.16 p.
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    author = "Ann Harding and Ben Phillips and Simon Kelly",
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    Harding, A, Phillips, B & Kelly, S 2004, 'Trends in Housing Stress' The National Housing Affordability Summit, Canberra, Australia, 27/06/04 - 29/06/04, pp. 1-16.

    Trends in Housing Stress. / Harding, Ann; Phillips, Ben; Kelly, Simon.

    2004. 1-16 Abstract from The National Housing Affordability Summit, Canberra, Australia.

    Research output: Contribution to conference (non-published works)Abstract

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    AB - This paper examines trends in housing stress between 1998 and 2004, using specially created versions of NATSEM’s STINMOD model. For the latter year, NATSEM was required to update the ABS 1999-00 and 2000-01 Surveys of Income and Housing Costs to 2004 estimates. While we employed what we consider to be reasonable assumptions to undertake this updating, the results can only be regarded as indicative for 2004. The definition of housing stress used in the study was that housing costs were greater than 30 per cent of disposable income and that the income unit was in the bottom 40 per cent of the income distribution. Using this definition, the study suggested that, by 2004, 8.8 per cent of income units were experiencing housing stress, down from 10.7 per cent in 1998. However, this definition of housing stress excluded the majority of home purchasers, only a small proportion of whom fell into the bottom 40 per cent of the income distribution. The study supported public perceptions about problems of housing affordability for first home buyers, with mortgage repayments as a percentage of disposable income increasing during the past six years for first home buyers.

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    Harding A, Phillips B, Kelly S. Trends in Housing Stress. 2004. Abstract from The National Housing Affordability Summit, Canberra, Australia.