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This book explores the decline and growth of the private rental sector in Australia delving into the changing dynamics of landlord investment and tenant profile over the course of the twentieth century and into the present period. It explains why over one in four Australian households are now private renters and investigates the contemporary legal and regulatory frameworks governing the sector. The reform discourses in Australia and comparator countries, and debates around key concerns such as Australia’s advantageous tax treatment of investors in rental property and the power imbalance between tenants and landlords are highlighted. The book draws on rich data: 600 surveys and close to 100 in-depth interviews with tenants in high, medium and low rent areas in Sydney and Melbourne and regional New South Wales. The book provides in-depth insights into this large and expanding component of Australia’s housing market and shows how being a private renter shapes the everyday lives and wellbeing of people and households who rent their housing including short and long-term renters, those on low and higher incomes and older as well as younger people.
The Routledge Handbook of Housing Economics brings together an international panel of contributors to present a comprehensive overview of this important field within economics. Housing occupies an increasingly central role in modern society, dominating consumer assets and spending, forming an important part of social policy and being a large enough market to impact the macroeconomy. This handbook tackles these themes, along with other critical issues such as intergenerational housing inequality and the efficiency and social justice of housing interventions. This volume is structured in four main parts. It starts with eight chapters in microeconomics and housing. This is followed by two shorter sections on macroeconomics and finance. The final main part of the book is concerned with eight chapters on policy dimensions. While many of the chapters are rooted in mainstream economics and finance applied to housing, there are also chapters stressing institutional, behavioural and political economy orientations, as well as those that explicitly challenge more mainstream accounts. The contributing authors are based in Europe, North America and Australia and all draw in international literature to provide state of the art reviews of their topics. This carefully curated handbook will be essential reading for advanced students, researchers and policy makers in housing economics, urban economics, urban planning, public economics and real estate economics and finance. Chapter 22 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.
EPDF and EPUB available Open Access under CC-BY-NC-ND licence. Condominium and comparable legal architectures make vertical urban growth possible, but do we really understand the social implications of restructuring city land ownership in this way? Geographer and architect Megan Nethercote enters the condo tower to explore the hidden social and territorial dynamics of private vertical communities. Informed by residents’ accounts of Australian high-rise living, this book shows how legal and physical architectures fuse in ways that jeopardize residents’ experience of home and stigmatize renters. As cities sprawl skywards and private renting expands, this compelling geographic analysis of property identifies high-rise development’s overlooked hand in social segregation and urban fragmentation, and raises bold questions about the condominium’s prospects.
Housing is key to inclusive growth. It is the biggest spending item of household budgets, the main driver of wealth accumulation and biggest source of debt for most households. Housing and the neighbourhood in which people live also have important implications for individual health, employment and educational outcomes – effects that can begin in childhood and can last a lifetime.
The discussion of where people live and how people pay for their housing has undergone a significant shift. Until the mortgage crisis erupted in 2008, the housing policy of most nations focused on increasing home ownership. There had been very little discussion about rental housing, less about social housing, and virtually none about public housing. The mortgage crisis showed the challenges inherent in pushing for home ownership for all. With homes going into foreclosure and with credit tightening in many countries, the need for rental housing increased dramatically. However, most countries are only beginning to consider supporting rental housing as a shelter option. This book is an effort to bring rental housing to the forefront of the housing agenda and to provide general guidance to policy makers. The information it provides can assist key players in housing markets--government officials, private rental property owners, financiers, and nongovernmental organizations--in including rental housing as a critical housing option and in having an informed discussion on how best to stimulate this sector.
Against a century-long trend of decline, the private rented sector grew significantly during the 1990s. This book explores why and looks at the consequences for tenants and landlords, as well as the wider implications for housing policy. Written by legal and policy experts, the book brings together, for the first time in over a decade, leading-edge research on the newly deregulated private rented sector. It provides background information about the recent history and development of the private rented sector and explores the changing nature of the sector. The book will be invaluable reading for law, public policy, housing and social policy students. Housing practitioners and policy makers will also find it a stimulating read.
This book offers a critical reflection on the ways in which migration has shaped Australia’s cities, especially over the past twenty years. Australian cities are among the world’s most culturally diverse and are home to most of the nation’s population. This edited collection brings together contemporary research carried out by scholars across a range of diverse disciplines, all of whom are concerned with the intersections between migration and urban change. The chapters are organised under three sections: demographic, settlement and environmental transitions; urban form and housing transitions; and socio-cultural transitions. Drawing on diverse theoretical and methodological approaches, the chapters engage with a range of factors and influences affecting migration and urban development. This book will be of special interest to scholars and practitioners in the disciplines of sociology, urban planning, geography, public policy and environmental sustainability.
Incorporating HC 47-i-vii session 2006-07
This book explores the origins, extent and implications of this revival in the fortunes of private landlordism. It presents an in-depth, scholarly analysis of private landlords, the rationales for and ways in which governments have sought to revitalise investment in residential lettings, and their success in doing so. It also assesses the extent to which landlordism has been transformed in recent years and the lessons for policy that can be learned from this experience. The book draws on the extensive research into private landlords conducted by the authors over the past two decades. This includes projects funded by the Joseph Rowntree Foundation, the predecessor departments to the Department for Communities and Local Government, Scottish Homes, and the Economic and Social Research Council. It fills a major gap in the literature about an important actor in housing provision and the built environment. Most of the recent work on private landlords has been published as research reports and there is a lack of book length scholarly study aimed at an academic rather than a policy audience.