A model of housing tenure choice in Australia

Abstract

This paper reports the results of an econometric analysis of housing tenure choice in Australia. The paper has several aims: (a) to determine the relative importance of the various economic and demographic determinants of die probability of home ownership in Australia; (b) to provide evidence relevant to the question whether Goodman (1988) incorrectly omits from his tenure choice model a measure of the user cost of owner-occupied housing, and (c) to serve as a basis for further studies of housing tenure choice and demand in Australia as well as possible comparative studies of ownership rates in Australia, the United States, and elsewhere. Show more