The uberisation of housing markets: putting theory into practice. Issue 2 (18th April 2017)

• Record Type: Journal Article
• Authors: Sharam, Andrea; Bryant, Lyndall
• Is Part Of: Property management. Volume 35:Issue 2(2017)
• Page Start: 202
• Page End: 216
• Publication Date: 2017-04-18
• Subjects: Housing affordability -- Apartments -- Deliberative development -- Market design -- Two-side matching markets -- Uberization; Real estate management -- Periodicals; Real property -- Great Britain -- Periodicals; 333.5068
• DOI: 10.1108/PM-06-2016-0023
• Languages: English
• ISSNs: 0263-7472

Abstract

Abstract : Purpose: Digital disruption offers an innovative opportunity to address housing affordability issues through the use of market design theory and two-sided matching markets. The purpose of this paper is to scope a model for how "uberisation" can revolutionise the traditional apartment delivery model in Australia, leading to improved housing affordability. Design/methodology/approach: This paper uses semi-structured interviews with operators of online real estate platforms and deliberative developers to examine how the principles of "uberisation", that is two-sided matching markets, are driving innovation in the apartment supply process. Findings: Findings confirm that real estate internet platforms and deliberative developers innovators are informed by the benefits of aggregating demand to reduce development risk, thus enabling apartments to be provided at a substantially lower price than by traditional methods. Research limitations/implications: The number of interviews is small reflecting the limited number of market actors currently engaged in the innovations investigated. Originality/value: This research is innovative as it introduces theoretical understandings gained from market design theory and applies those concepts to disrupt the apartment development process.