Housing affordability and housing investment opportunity in Australia. ([2015])

• Record Type: Book
• Further Information: Note: Muharem H. Karamujic.
• Authors: Karamujic, Muharem H
• Contents: Acknowledgments; List of Tables; List of Figures; List of Abbreviations; PART I: INTRODUCTION; 1.1. Background; 1.2. Objectives; 1.3. Outline; PART II: HOUSING: WHY IS IT IMPORTANT?; 2.1. Introduction; 2.2. Housing Trends; 2.3. Governments and Housing; 2.3.1. Housings Regulation by State/territory Governments; 2.3.2. Housing Taxation; 2.3.3. Provision of Public Housing and Development Land; 2.3.4. The Housing-Related Functions of Local Government; 2.3.5. Housing Assistance; 2.4. The Emergence of the Housing Affordability Problem; 2.4.1. National Affordability Housing Agreement; 2.4.2. National Rental Affordability Scheme; 2.4.3. Housing Affordability Fund; 2.4.4. First Home Owners Boost; 2.4.5. First Home Savers Accounts; 2.4.6. Are These New Programs Sufficient to Make a Change?; 2.5. Why is Housing Affordability Important?; 2.6. Conclusion; PART III: MAJOR REASONS FOR AN INCREASE IN THE NUMBER OF INSTITUTIONS OFFERING HOME LOAN PRODUCTS AND IN THE NUMBER OF HOME LOAN PRODUCTS OFFERED IN THE AUSTRALIAN HOME LOAN MARKET; 3.1. Introduction; 3.2. The Size, Composition and Changes in both Total and Home Lending in Australia; 3.3. Consequences of the Two Most Recent Rounds of Financial System Deregulation; 3.4. High Level Trends in Interest Rate and Property Prices; 3.5. Recent Changes in the Typical Borrower's Behaviour; 3.6. Conclusion; PART IV: INTRODUCTION TO CONTEMPORARY RESIDENTIAL MORTGAGE (HOME LOANS) LENDING PRODUCTS; 4.1. Introduction; 4.2. Home Loan Products by Type of Offering; 4.2.1. Financial Packages; 4.2.2. Stand – Alone Home Loans; 4.3. Home Loan Products by Major Functionality; 4.3.1. Standard Variable Rate Home Loan; 4.3.2. Basic Home Loan; 4.3.3. Introductory (Honeymoon) Home Loan; 4.3.4. Offset Home Loan; 4.3.5. Line Of Credit Home Loan; 4.3.6. Standard Fixed Rate Home Loan; 4.3.7. Reverse Home Loan; 4.3.8. Islamic Home Loan; 4.4. Home Loan Products by Major Purpose Type; 4.4.1. Owner-Occupied Home Loans; 4.4.2. Investment Home Loans; 4.4.3. Construction Home Loans; 4.4.4. Refinance Home Loans; 4.4.5. Up-grader Home Loans; 4.5. Home Loan Products by Distribution Segment; 4.5.1. The Direct Channel; 4.5.2. The Third Party Channel; 4.6. Home Loan Products by Interest Rate Repayment Structure; 4.6.1. Interest Only Home Loans; 4.6.2. Principal and Interest Home Loans; 4.7. Home Loan Products by Conformation Status; 4.7.1. Conforming (Prime) Home Loans; 4.7.2. Non-Conforming (Sub-Prime) Home Loans; 4.8. Conclusion; PART V: CONTEMPORARY HOUSING AFFORDABILITY MEASURES; 5.1. Introduction; 5.2. Home Loan Affordability Measures; 5.2.1. The New South Wales Government's Centre for Affordable Housing, Affordability Index; 5.2.2. The Real Estate Institute of Australia, Home Loan Affordability Indicator; 5.2.3. The Commonwealth Bank of Australia - Housing Industry Association Housing, Affordability Index; 5.2.4. The BIS Shrapnel, Home Loan Affordability Index; 5.2.5. The National Affordable Housing Agreement, Housing Affordability Index; 5.2.6. The ABS measure of housing affordability; 5.3. Housing Price-Based Affordability Measures; 5.3.1. Sales by Price Segment Housing Affordability Indicator; 5.3.2. Affordability and Available Stock Housing Affordability Indicator; 5.3.3. House Price to Household Income Ratios; 5.3.4. House Price to Rent Ratios; 5.3.5. Accessibility/Deposit Gap Method; 5.3.6. Home Ownership Rates; 5.3.7. Summary Overview; 5.4. Rental Affordability Measures; 5.4.1. Traditional Consumption-based Measure; 5.4.2. The National Housing Strategy Measure; 5.4.3. Net Affordability Measure; 5.4.4. Net Equivalent Affordability Measure; 5.4.5. Private Rental Affordability for All Households; 5.4.6. Private Rental Affordability for Low-Income Households; 5.4.7. Rent-to-Mortgage Payment Ratio; 5.4.8. Residual Income Measure; 5.4.9. The Canadian Model of 'core housing need'; 5.4.10. Summary Overview; 5.5. Conclusion; PART VI: THE GEOGRAPHY OF HOUSING AFFORDABILITY AND HOUSING INVESTMENT OPPORTUNITY: A CASE STUDY OF MELBOURNE; 6.1. Introduction; 6.2. Brief Review of the Literature; 6.3. Data and Methodology; 6.4. Results and Discussion; 6.4.1. The Geography of Melbourne's Affordability Problem; 6.4.2. Which Market Segment Represents a Better Investment Opportunity; 6.5. Conclusion; PART VII: CONCLUSION; ;
• Publisher Details: Basingstoke : Palgrave Macmillan
• Publication Date: 2015
• Extent: 1 online resource, illustrations
• Subjects: 333.3380994; Housing -- Australia; Housing -- Australia -- Finance; Homeowners -- Australia; Real Estate/Buying & Selling Homes; Real Estate
• Languages: English
• ISBNs: 9781137517944; 1137517948
• Related ISBNs: 9781137517920
• Notes: Note: Includes bibliographical references and index.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.