Authors: Australian Institute of Health and Welfare
Overview
Access to good quality, affordable housing is fundamental to wellbeing. It can help reduce poverty andenhance equality of opportunity, social inclusion and mobility (Gurran et al. 2021; Maclennan et al.2019). Affordability is important for both Australians wanting to buy a home and for those renting. Manyfactors influence the supply, demand and cost of housing across the country, including Australia’sgrowing and ageing population and government policies (AIHW 2021; Burke et al. 2020; Gurran et al.2021).
Housing affordability typically refers to the relationship between expenditure on housing (prices,mortgage payments or rents) and household incomes (Thomas & Hall 2016).
Home ownership andhousing tenure and Housing assistance are related to housing affordability.
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