, which tend to result in higher income and wealth for urban households. In addition, there may be a number of non … premium on house prices, thus possibly affecting the composition of the asset portfolios of households living in different … households hold in housing. For owner-occupiers, the effect is found to be significant and positive, suggesting that housing is …

raised concerns about whether, as a result of the rise in debt, households are now more financially ‘fragile’. Using data … probability of being financially constrained and the economic and demographic characteristics of households in Australia. We find … share of income going to repayments on mortgage debt. Unfortunately, however, we cannot separately identify households with …