The Long-Run Macroeconomics of Housing Affordability and Homeownership. This project aims to investigate long-run drivers of declining Australian and international housing affordability. It expects to

Description

The Long-Run Macroeconomics of Housing Affordability and Homeownership. This project aims to investigate long-run drivers of declining Australian and international housing affordability. It expects to generate new knowledge about the causes of rising house prices and falling homeownership by combining historical housing data with macroeconomic housing market models. This innovative approach can help disentangle the effects of changing housing demand and supply factors such as declining interest rates, rising incomes, growing populations, and tighter constraints on new home construction. Expected outcomes include new insights into long-run housing market dynamics and the effectiveness of housing policy interventions, which should benefit Australian households through improved housing affordability and access.. Scheme: Discovery Early Career Researcher Award. Field: 3801 - Applied Economics. Lead: Dr James Graham