TY - RPRT AU - Burke, T AU - Stone, Wendy AU - Ralston, L CY - Melbourne L1 - internal-pdf://0195360501/AHURI_Final_Report_No232_Generational change i.pdf M3 - FR N1 - This project analysed trends in public housing and home ownership from 1981 to 2011. Public housing has declined as a tenure, and targeting of remaining stock towards singles and low-income groups has displaced other groups in need such as families. The home purchase market is reinforcing inequalities with low-to-moderate working households increasingly missing out. This result would have been worse were it not for households adapting by borrowing more, deferring home purchase, or moving to more affordable locations. This project involved analysis of recent ABS data to examine long-term trends in public housing and home ownership over the 30 years between 1981 and 2011. In relation to public housing, there has been: An increase in public housing from 1981 to 1996 but an absolute decline thereafter—even with other forms of social housing included, social housing as proportion of all stock fell from 5.2 per cent in 1996 to 4.8 per cent in 2011. An increase in the percentage of detached dwellings in public housing between 1996 and 2011 (counter to the broader trend towards more multi-unit dwellings) but an increase in the proportion of smaller bedroomed dwellings. A greater spatial dispersion in stock in Australia than in the USA or UK (this may be a reason why spatial disadvantage in Australia tends to be much less of a problem than in those two countries). Growth in lone-person households from around 8 per cent of tenants to over 40 per cent—this has largely been the result of targeting strategies that have displaced families in need even though they may have been better suited to the stock available. A dramatic decline in mobility out of public housing, probably reflecting poor affordability in the private market. Worsening workforce participation for tenants since 1981, largely reflecting the concentration of low skilled households in the tenure. A lack of stock compared to need: if a 50 per cent affordability benchmark for eligibility was used, there should have been an additional 158 593 social housing dwellings in 2011. In relation to home ownership there has been: A decline in rates of home ownership for younger cohorts over the 30 years (from 61.4% to 48.4% for 25–34 year-olds and from 74.3% to 65.3% for 35–44 year-olds), but much of this decline occurred in the decade 1981–91. A deterioration in access to home purchase for young single-income households and low to moderate-income households: for example in 1981 the home purchase market was almost split 50-50 between single and dual-income households but by 2011 over 80 per cent were dual-income households. A greater reliance on debt as a way for households enter ownership: whereas in 1981 the median mortgage for the 25–34 age group was 16.7 per cent of household income, by 2011 it was 26.8 per cent. An increased reliance on a range of other strategies to enable home purchase, including the formation of a dual income households, deferral of home purchase, purchase of a cheaper products such as apartments, and moves to more affordable locations. - See more at: http://www.ahuri.edu.au/publications/projects/p51002#sthash.hmdYlR7a.dpuf NV - Swinburne PB - Australian Housing and Urban Research Institute Limited PY - 2014 RP - This project analysed trends in public housing and home ownership from 1981 to 2011. Public housing has declined as a tenure, and targeting of remaining stock towards singles and low-income groups has displaced other groups in need such as families. The home purchase market is reinforcing inequalities with low-to-moderate working households increasingly missing out. This result would have been worse were it not for households adapting by borrowing more, deferring home purchase, or moving to more affordable locations. This project involved analysis of recent ABS data to examine long-term trends in public housing and home ownership over the 30 years between 1981 and 2011. In relation to public housing, there has been: An increase in public housing from 1981 to 1996 but an absolute decline thereafter—even with other forms of social housing included, social housing as proportion of all stock fell from 5.2 per cent in 1996 to 4.8 per cent in 2011. An increase in the percentage of detached dwellings in public housing between 1996 and 2011 (counter to the broader trend towards more multi-unit dwellings) but an increase in the proportion of smaller bedroomed dwellings. A greater spatial dispersion in stock in Australia than in the USA or UK (this may be a reason why spatial disadvantage in Australia tends to be much less of a problem than in those two countries). Growth in lone-person households from around 8 per cent of tenants to over 40 per cent—this has largely been the result of targeting strategies that have displaced families in need even though they may have been better suited to the stock available. A dramatic decline in mobility out of public housing, probably reflecting poor affordability in the private market. Worsening workforce participation for tenants since 1981, largely reflecting the concentration of low skilled households in the tenure. A lack of stock compared to need: if a 50 per cent affordability benchmark for eligibility was used, there should have been an additional 158 593 social housing dwellings in 2011. In relation to home ownership there has been: A decline in rates of home ownership for younger cohorts over the 30 years (from 61.4% to 48.4% for 25–34 year-olds and from 74.3% to 65.3% for 35–44 year-olds), but much of this decline occurred in the decade 1981–91. A deterioration in access to home purchase for young single-income households and low to moderate-income households: for example in 1981 the home purchase market was almost split 50-50 between single and dual-income households but by 2011 over 80 per cent were dual-income households. A greater reliance on debt as a way for households enter ownership: whereas in 1981 the median mortgage for the 25–34 age group was 16.7 per cent of household income, by 2011 it was 26.8 per cent. An increased reliance on a range of other strategies to enable home purchase, including the formation of a dual income households, deferral of home purchase, purchase of a cheaper products such as apartments, and moves to more affordable locations. - See more at: http://www.ahuri.edu.au/publications/projects/p51002#sthash.hmdYlR7a.dpuf ST - Generational change in home purchase opportunity in Australia T2 - AHURI Final Report No. 232 TI - Generational change in home purchase opportunity in Australia UR - https://www.ahuri.edu.au/research/final-reports/232 ID - 345 ER -