This paper investigates how things have changed since the global financial crisis for those stepping onto the property ladder in Australia.

Investigates the relationship between housing wealth and consumption using postcode-level variation in house prices and administrative data on new passenger vehicle registrations as a proxy for consumption.

Provides the Bank's assessment of the current condition of the financial system and potential risks to financial stability. Overview The global financial system continues to be buoyed by strong investor risk appetite. International financial markets have been remarkably stable for much of the past six months, with historically low volatility and ‘search for yield’ behaviour...

This paper estimates the effects of the mining boom in Australia, using a large-scale structural macro-econometric model, AUS-M.

This paper examines whether it is more expensive to own a house or to rent. The paper assesses houses as ‘overvalued’ if home buyers pay too much, in the sense that they would be better off renting than buying. This involves comparing the financial cost of renting a home with the cost of owning a...