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Australian real housing costs, 1979-92

CollectionsANU Urban Research Unit/Program
Title: Australian real housing costs, 1979-92
Author(s): Bourassa, Steven
Hendershott, Patric H
Coles, Rita C
Date published: 1993
Publisher: Canberra, ACT : Urban Research Program. Research School of Social Science. Australian National University.
Series/Report no.: Urban Research Program Working papers: No. 36
Housing costs are important determinants of many individual and household decisions. This paper reviews the housing cost data available in Australia, and derives and presents series of real price indexes for 1979-92 and real rent indexes for 1980-92 for most the capital cities. also shows how the costs of owning and renting can be of compared. Increases in real prices and, more importantly, real interest rates have occurred while real rents have remained stable. Consequently, the annual cost of owning relative to renting has increased dramatically, particularly for younger Australians who have not yet purchased a house.
ISBN: 0731515722
ISSN: 1035-3828


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