Glossary

Purpose
The purpose of this glossary is to define terms commonly used in our research. It is a reference to familiarise you with housing-specific terms in our publications and on our website.

Scope
This glossary is limited to terms and acronyms most used by Australian academics and governments.

Format
All entries are listed in alphabetical order, including acronyms (which are cross-referenced with their corresponding definition.) Click on the appropriate letter to see listing.

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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

E

effective demand

The quantity of housing that owner occupiers, investors and renters are able and willing to buy or rent in the housing market.

Also see underlying demand

employee housing

A form of rental housing provided to company workers, as well as for employees of various government agencies and NGOs.

equity withdrawal or housing equity withdrawal (HEW)

There are three alternative mechanisms of equity withdrawal:

  1. In situ mortgage equity withdrawal (MEW). A reverse mortgage is a typical MEW product and is the dominant form of HEW among those under pension age. Reverse mortgages, also called lifetime mortgages, allow borrowers to draw on loans just like any other mortgage, but repayment is not required until the house is sold.
  2. Downsizing
  3. Selling up. This is where a dwelling is sold to release its equity. Unlike downsizing, a new dwelling is not purchased.