《A private rental sector paradox: unpacking the effects of urban restructuring on housing market dynamics》

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作者
来源
HOUSING STUDIES,Vol.32,Issue3,P.253-270
语言
英文
关键字
Housing markets; private rented housing; home ownership; urbanisation; gentrification; Australia; SPACES; FAMILY
作者单位
[Hulse, Kath] H53 Swinburne Univ Technol, Inst Social Res, Hawthorn, Vic, Australia. [Yates, Judith] Univ Sydney, Sch Econ, Sydney, NSW 2006, Australia. Hulse, K (reprint author), H53 Swinburne Univ Technol, Inst Social Res, Hawthorn, Vic, Australia. E-Mail: khulse@swin.edu.au
摘要
The private rental sector (PRS) is growing in many advanced economies due to declining home ownership and retrenchment in social housing. This paper examines changes in the PRS in the context of housing market change and ongoing urbanisation processes. Using the example of Australia, it identifies a paradox when examining detailed changes in PRS composition between 1996 and 2011. Increasing demand from higher and lower income households has occurred alongside increasing concentration of supply in mid-market segments. The paper discusses possible explanations of this mismatch. It suggests that middle/higher income households rent through a mixture of constraint and choice in areas with a high level of amenity, adding to understanding of gentrification of inner-city areas. Urban restructuring, evident in increased land values in inner areas of large cities, has resulted in limited filtering down' of older housing into low-rent private rental stock and a concentration of investment in supply in mid-market segments with greatest prospects for resale and rental.