Report

The relationship between intergenerational transfers, housing and economic outcomes: positioning paper

Publisher
Housing Cost and standard of living Affordable housing Australia
Resources
Attachment Size
apo-nid54378.pdf 1.13 MB
Description

Executive Summary: As house prices in Australia have increased, concern has been expressed about the ability of young Australians to attain home ownership. In August 2014, for example, the proportion of all mortgage financed dwelling transactions that were purchased by first home buyers was approximately 11.8 per cent, the lowest share since statistics began being collected in the early 1990s. Anecdotal evidence suggests that one means by which home ownership is facilitated is through intergenerational transfers from parents to their children. While International evidence indicates that home ownership is positively associated with inter vivos transfers and bequests,there is little Australian evidence about this relationship.

Publication Details