Please use this identifier to cite or link to this item: https://hdl.handle.net/10620/17234
Full metadata record
DC FieldValueLanguage
dc.contributor.authorLawson, J-
dc.contributor.authorRoberts-Thomson, L-
dc.contributor.authorEllis, Luci-
dc.date.accessioned2019-04-13T03:33:32Zen
dc.date.accessioned2011-05-17T05:22:16Zen
dc.date.available2011-05-17T05:22:16Zen
dc.date.issued2003-07-
dc.identifier.urihttps://hdl.handle.net/10620/17234en
dc.identifier.urihttp://hdl.handle.net/10620/3404en
dc.description.abstractA home is the single largest purchase that most households make, and it is one that usually requires some debt financing. Because housing debt is such a large component of households’ balance sheets, it is important to understand the financing decision. In this paper, we use household level data from the HILDA survey to relate households’ leverage to their observed characteristics using both graphical and econometric techniques. We also model the decisions to own a home and to have debt against it. We correct for any possible selection bias arising from these decisions before drawing conclusions about population behaviour. Much of the variation in leverage is attributable to the passage of time, as borrowers pay down their loans on schedule and the value of their homes rise. On top of these largely exogenous effects, we find evidence that some households make conscious decisions that strongly affect leverage. For example, Australian homeowners generally plan to pay off their mortgage before its contracted end date, and many are therefore ahead of schedule in paying off their housing debt. On the other hand, a minority of households have higher leverage than similar households because they have engaged in leveraged investment in both owner-occupied and rental housing.en
dc.subject.classificationFinanceen
dc.subject.classificationHousing -- Ownershipen
dc.subject.classificationFinance -- Debten
dc.subject.classificationHousingen
dc.titleHousing Leverage in Australiaen
dc.typeReports and technical papersen
dc.identifier.urlhttps://www.rba.gov.au/publications/rdp/2003/2003-09/hilda-dataset.htmlen
dc.identifier.urlhttps://melbourneinstitute.unimelb.edu.au/assets/documents/hilda-bibliography/hilda-conference-papers/2003/LEllis.pdfen
dc.identifier.surveyHILDAen
dc.description.urlhttps://melbourneinstitute.unimelb.edu.au/hildaen
dc.description.institutionReserve Bank of Australiaen
dc.title.reportReserve Bank of Australia Research Discussion Paper, RDPen
dc.identifier.rishttp://flosse.dss.gov.au//ris.php?id=3665en
dc.description.keywordshousehold surveyen
dc.description.keywordsleverageen
dc.description.keywordshousing debten
dc.description.pages39en
dc.title.seriesResearch Discussion Papersen
local.identifier.id3665en
dc.identifier.edition2003-09en
dc.description.additionalinfoPaper 2003-09en
dc.subject.dssHousing, communities and neighbourhoodsen
dc.subject.dssIncome, wealth and financesen
dc.subject.flosseHousing, communities and neighbourhoodsen
dc.subject.flosseIncome, wealth and financesen
dc.relation.surveyHILDAen
dc.old.surveyvalueHILDAen
item.grantfulltextnone-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.cerifentitytypePublications-
item.fulltextNo Fulltext-
item.openairetypeReports and technical papers-
Appears in Collections:Reports
Show simple item record

Page view(s)

2,000
checked on May 12, 2025
Google icon

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.