期刊
HOUSING STUDIES
卷 38, 期 2, 页码 206-232出版社
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/02673037.2021.1879995
关键词
Greater Sydney; homeownership affordability; determinants of homeownership affordability; regional policy
This study investigates the determinants of homeownership affordability in different regions of Greater Sydney, using local government area (LGA) data and econometric models. The results show that the impact of key determinants, such as house price and median personal income, varies across regions.
Recognising the existence of socio-economic and demographic disparities across metropolitan cities such as Greater Sydney, this study gauges the determinants of homeownership affordability in the different regions of Greater Sydney using local government area (LGA) data over 1991-2016 with a system generalised method of moments (GMM) and a panel error correction model (ECM). The results of the study showed that the determinants of homeownership affordability vary across the regions of Greater Sydney. Although house price and median personal income are the key drivers of homeownership affordability across all regions, the difference in the magnitude of these determinants between regions have also been documented. Specifically, Western Sydney is more sensitive to income and house price change than the other regions. In addition, Western Sydney is also sensitive to other determinants (i.e. housing supply, residential population, median rent, and housing investors), while no comparable evidence is found for the other regions. This clearly highlights the differences across regions and the importance of submarket considerations in the analysis of homeownership affordability. The implications of the study have also been discussed.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据