Abstract
ABSTRACTDespite extensive studies being devoted to housing affordability in Australia, few have investigated housing affordability at a disaggregated level. This is in spite of the fact that there are existing socio-economic and demographic disparities across different regions of a city. This study aims to fill this gap by examining housing affordability in Sydney, a city that is characterised by diverse demographic and socio-economic mix, from a sub-city perspective. Two dimensions of affordability are assessed from 1991 to 2016: entry-level and ongoing housing affordability. The study finds that entry-level housing remains extremely unaffordable in all regions of Greater Sydney, although the level of unaffordability varies across regions. Specifically, the deterioration in housing affordability is more obvious in low-income regions such as Western Sydney. In addition, the ongoing housing affordability of those who have entered the market improves considerably within 5–10 years, although there are significant variations between different regions. Importantly, residents in low-income regions such as Western Sydney take a longer period to improve their ongoing affordability. The findings of differential geography of housing affordability have some profound policy implications. Policymakers should consider the disparities across different regions by formulating a more targeted and regionally balanced housing policy.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.