Please use this identifier to cite or link to this item:
https://hdl.handle.net/10620/18929
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Alfonzetti, Maia | - |
dc.date.accessioned | 2022-09-12T03:43:07Z | - |
dc.date.available | 2022-09-12T03:43:07Z | - |
dc.date.issued | 2022-03-17 | - |
dc.identifier.uri | https://hdl.handle.net/10620/18929 | - |
dc.description.abstract | Despite the rate of home ownership in Australia drifting down over recent decades, 2020 saw a large increase in first home purchases. Given the high level of housing prices and household indebtedness, this raises the question of whether first home buyer (FHB) loans contribute disproportionately to financial stability and macroeconomic risks. FHBs appear to be riskier than other owner-occupiers, at least during the first five years of the loan. They have higher loan-to-valuation ratios and lower liquidity buffers. While this might suggest FHBs would be more vulnerable than other borrowers during a negative income or housing price shock, recent experience indicates that FHBs have been no more likely to report financial stress or be in arrears. One potential explanation is that FHBs have historically experienced better labour market outcomes than other borrowers. | en |
dc.title | Are First Home Buyer Loans More Risky? | en |
dc.type | Journal Articles | en |
dc.identifier.url | https://www.rba.gov.au/publications/bulletin/2022/mar/pdf/are-first-home-buyer-loans-more-risky.pdf | en |
dc.identifier.survey | HILDA | en |
dc.description.institution | Reserve Bank of Australia | en |
dc.description.keywords | Debt | en |
dc.description.keywords | Finance | en |
dc.description.keywords | Financial stability | en |
dc.description.keywords | Housing | en |
dc.description.format | Bulletin | en |
dc.title.book | Bulletin | en |
dc.subject.dss | Housing, communities and neighbourhoods | en |
dc.subject.dss | Income, wealth and finances | en |
dc.relation.survey | HILDA | en |
dc.type.product | Other | en |
item.grantfulltext | none | - |
item.fulltext | No Fulltext | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.openairetype | Journal Articles | - |
item.cerifentitytype | Publications | - |
Appears in Collections: | Journal Articles |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.