Innovative financing for home ownership

Summary

This project will provide a comprehensive appraisal of the appropriateness and potential for shared equity/ownership models to assist households into affordable home ownership, and the role of government intervention in this regard. In this early phase of potential application of shared equity/ownership approaches in the Australian context, this research will both explore consumer insight and perspectives as well as issues identified by the mortgage, investment and development sectors to help shape frameworks and move policy forward.

Project Number: 70394
Research Theme: Housing Policies and Programs
Project Leader: Randolph, Bill
Funding Year: 2007
Research Centre: UNSW-UWS

Description

To date, government interest has translated in practice into a number of significant although relatively modest schemes; and product development has largely been left to the banks and financial providers. The focus of these emerging products has not necessarily been simply on improving access to affordable home ownership for targeted groups unable to access home ownership via normal purchasing arrangements. This points to the need for clear policy frameworks within which home ownership assistance schemes and financial products can be positioned and supported. It also recognises that the feasibility and potential success of such approaches will relate to wider policy objectives in terms of housing affordability, encouraging access to home ownership, and the creation of strong and sustainable communities.

More Information

Positioning Paper: No. 106: Innovative financing for home ownership: the potential for shared equity initiatives in Australia
616 KB PDF Document

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