Housing Prices, Household Debt and Household Consumption

AHURI Final Report No. 282, Australian Housing and Urban Research Institute Limited, Melbourne, DOI:10.18408/ahuri-7307401, June 2017

75 Pages Posted: 12 Jun 2017

See all articles by Kadir Atalay

Kadir Atalay

The University of Sydney

Stephen Whelan

The University of Sydney

Judith Yates

The University of Sydney - Discipline of Economics

Date Written: June 8, 2017

Abstract

This research investigated the relationship between increasing housing prices (or housing wealth) and the increased consumption expenditure of households from before the GFC and afterwards. The analysis revealed that following the GFC, old and middle-aged households showing slightly lower consumption levels despite their houses increasing in price.

Keywords: Household Consumption, Housing Market, Macro-Economic Risks, House Price Rises, GFC, Older Homeowners, Australian Economy, Borrowing, Mortgages, Investors, Economic Wellbeing, Macroeconomy, Macroeconomic, Property Market, Household Debt, Consumer Spending, Australian Economy, Risk

JEL Classification: E31, E21, E22, O18, R31

Suggested Citation

Atalay, Kadir and Whelan, Stephen and Yates, Judith, Housing Prices, Household Debt and Household Consumption (June 8, 2017). AHURI Final Report No. 282, Australian Housing and Urban Research Institute Limited, Melbourne, DOI:10.18408/ahuri-7307401, June 2017, Available at SSRN: https://ssrn.com/abstract=2983505

Kadir Atalay (Contact Author)

The University of Sydney ( email )

University of Sydney
Sydney, NSW 2006
Australia

Stephen Whelan

The University of Sydney ( email )

University of Sydney
Sydney, NSW 2006
Australia
612-9036 9251 (Phone)
612-9351-4341 (Fax)

Judith Yates

The University of Sydney - Discipline of Economics ( email )

P.O. Box H58
Australia Square
Sydney, NSW 2006
Australia

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