This paper uses micro-data from two national panel surveys to analyze the flow of wealth from residential property onto households' balance sheets, where it is available for discretionary spending. The examples are Australia and the UK-two of the world's most entrenched nations of owner...

This paper examines factors influencing Australian landlords’ decisions to retain their rental investments. A variety of statistical techniques are applied to uncover the factors precipitating the exit of landlords from rental housing markets. It is found that middle-aged investors are...

Home owners' estimates of the current market value of their housing have been used extensively in applied economic research (e.g. the measurement of imputed net rental income and the distribution of wealth). While the accuracy of owner-estimates is an issue of some importance for applied...

Cash income is widely recognized as a deficient measure of economic well-being, as it takes no account of the contribution of in-kind benefits and net worth to consumption potential. Housing equity is a particularly important component of net worth. Comprehensive income measures incorporate...

Oswald hypothesizes that regions and countries with high homeownership rates will experience higher natural rates of unemployment and that rising homeownership in OECD countries since the 1960s provides a key explanation for the rise in the natural rate of unemployment over the same time period....

This paper investigates whether the houses of elderly home owners appreciate at the same rate as the average house price appreciation rate in the market. For most elderly home owners, their wellbeing is strongly underpinned by their home ownership status, the value of their homes generally...