How long do households remain in housing affordability stress?

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Abstract

We develop a model that specifies the duration of housing affordability stress for particular types of households. Using panel data from Australia, households are considered in semi- and parametric analysis against different household characteristics, revealing whether these characteristics predict the duration of housing affordability stress. For most types of households, an experience of housing affordability stress lasts less than one year. A group of household types disproportionately made up of renters and sole persons remains in stress for longer periods. Chronic housing affordability stress occurs if the duration of stress lasts for more than three years. Linking the duration of stress to household types, and demographic, financial and educational characteristics makes it possible to design more targeted, and therefore more efficient housing affordability policies.
Original languageEnglish
Pages (from-to)869-886
Number of pages18
JournalHousing Studies
Volume32
Issue number7
DOIs
Publication statusPublished - 2017

Keywords

  • duration of housing stress
  • household budget
  • Housing affordability

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