Australia is facing a housing affordability crisis: is the solution to this problem the Singapore model of housing?

McLaren, John, Yeo, Alan, and Sweet, Michael (2016) Australia is facing a housing affordability crisis: is the solution to this problem the Singapore model of housing? Australasian Accounting Business and Finance Journal, 10 (4). pp. 38-57.

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Abstract

Australia is pricing young buyers out of the housing market. Unfortunately, debt-free home ownership in the retirement years is a key part of the Australian welfare system. This paper provides one possible solution to the current housing predicament of Australia. In doing so, the paper examines the housing strategy in Singapore, where residents are provided with accommodation at a reasonable cost. This strategy is examined and translated for use in Australia. In conclusion the paper proposes that the Singapore model of home ownership is worthy of consideration by the government of Australia.

Item ID: 47426
Item Type: Article (Research - C1)
ISSN: 1834-2019
Keywords: housing crisis, Australia, Singapore, superannuation, housing affordability
Date Deposited: 22 Feb 2017 07:32
FoR Codes: 14 ECONOMICS > 1402 Applied Economics > 140218 Urban and Regional Economics @ 20%
15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150203 Financial Institutions (incl Banking) @ 20%
15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1504 Commercial Services > 150403 Real Estate and Valuation Services @ 60%
SEO Codes: 90 COMMERCIAL SERVICES AND TOURISM > 9002 Property, Business Support Services and Trade > 900203 Property Services (incl. Security) @ 100%
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