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
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: Suggested Citation