Long-Run Trends in Victorian Housing Affordability and First Transition into Homeownership |
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| Authors: | Gavin A. Wood Alice K. Stoakes |
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| Affiliation: | 1. School of Social Science and Planning , RMIT University , Melbourne, Australia Gavin.Wood@rmit.edu.au;3. School of Social Science and Planning , RMIT University , Melbourne, Australia |
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| Abstract: | Over the past two decades housing pathways have become increasingly differentiated between generations, particularly in advanced societies dominated by owner-occupied tenure systems. Demographic transformations caused by aging and falling fertility rates, along with a more volatile economy and a neo-liberal reorientation of governance have combined to restructure housing conditions. Drawing on empirical research in Japan, this paper illustrates the social origins and impact of generation-based differentiations in housing patterns in that country. It considers the housing experiences of three cohorts: baby-boomers, baby-busters and the ‘lost generation’. The contrast of housing pathways between these generations in Japan illustrates the contemporary dynamics of housing and social processes in homeowner societies. | |
| Keywords: | Housing affordability long-run trends |
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