First home buyers and affordability

GE, XJ; Antoniades, H

First home buyers and affordability

GE, XJ

Antoniades, H

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Publisher:: Asian Real Estate Society
Publication Type:: Conference Proceeding
Citation:: Proceedings - AsRES 19th INTERNATIONL CONFERENCE, 2014, pp. 1 - 12
Issue Date:: 2014

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Field	Value	Language
dc.contributor.author	GE, XJ https://orcid.org/0000-0002-2252-7829	en_US
dc.contributor.author	Antoniades, H https://orcid.org/0000-0003-0462-2221	en_US
dc.date	2014-07-14	en_US
dc.date.issued	2014	en_US
dc.identifier.citation	Proceedings - AsRES 19th INTERNATIONL CONFERENCE, 2014, pp. 1 - 12	en_US
dc.identifier.uri	http://hdl.handle.net/10453/34048
dc.description.abstract	Residential dwelling prices have increased greatly in recent years, to the level that many households are not able to access homeownership. Though there are government schemes, such as the First Home Owner Grant (FHOG) scheme, available to assist the first home buyers to access the homeownership, the number of FHOG applications has declined since 2012. This study investigates the attributes of the first home buyers’ decisions on entering homeownership. The paper starts with discussions on the characteristics of first home buyers, the types of FHOG assistances available in the market, and reviewing attributes that affect purchase decisions. Quarterly data such as interest rate, dwelling prices, government schemes, etc. were included for the development of a statistical model and the analysis. The results indicate that the FHOG contributes to the increased demand for dwellings. A negative correlation between the number of applicants of the first home buyers and the dwelling prices was found.	en_US
dc.publisher	Asian Real Estate Society	en_US
dc.relation.ispartof	Proceedings - AsRES 19th INTERNATIONL CONFERENCE	en_US
dc.relation.ispartof	Asian Real Estate Society Annual Conference	en_US
dc.title	First home buyers and affordability	en_US
dc.type	Conference Proceeding
utslib.location	http://www.asres.net/2014_Conference/Program.html	en_US
utslib.location.activity	Gold Coast, Australia	en_US
utslib.for	1205 Urban and Regional Planning	en_US
dc.location.activity	Gold Coast, Australia
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	open_access
pubs.consider-herdc	true	en_US
pubs.finish-date	2014-07-16	en_US
pubs.place-of-publication	http://www.asres.net/2014_Conference/Program.html	en_US
pubs.publication-status	Published	en_US
pubs.start-date	2014-07-14	en_US

Abstract:

Residential dwelling prices have increased greatly in recent years, to the level that many households are not able to access homeownership. Though there are government schemes, such as the First Home Owner Grant (FHOG) scheme, available to assist the first home buyers to access the homeownership, the number of FHOG applications has declined since 2012. This study investigates the attributes of the first home buyers’ decisions on entering homeownership. The paper starts with discussions on the characteristics of first home buyers, the types of FHOG assistances available in the market, and reviewing attributes that affect purchase decisions. Quarterly data such as interest rate, dwelling prices, government schemes, etc. were included for the development of a statistical model and the analysis. The results indicate that the FHOG contributes to the increased demand for dwellings. A negative correlation between the number of applicants of the first home buyers and the dwelling prices was found.

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http://hdl.handle.net/10453/34048