Young Australians living with parents: free and pay board as popular housing tenure choices

Chia, Jason; Erol, Işıl

doi:10.1007/s10901-021-09911-3

Cited by 6 publications

(10 citation statements)

References 69 publications

(105 reference statements)

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“…Public renting and living rent‐free are small yet often ignored tenure types. For example, Chia and Erol's (2021) exploration of emerging housing pathways in Australia ignored young adults living rent‐free outside the parental home, by claiming most Australian households in this tenure type are retirees in life tenure arrangements. However, the majority in this tenure type are in fact not retirees, and among those aged 25–45, two‐thirds were living in a dwelling owned by an absent relative or living rent‐free in a family or friend's dwelling.…”

Section: Literature Reviewmentioning

confidence: 99%

“…A common in-kind transfer is the emerging trend of coresidence, in which parents allow their adult children to remain in the parental home-or return to the parental home-later than the historical norm (Arundel & Ronald, 2016). Coresidence can be framed as a positive opportunity for adult children to accelerate their transition into home ownership, by diverting money that would be spent in the private rental market towards a house deposit (Chia & Erol, 2021). Coresidence can also be framed as a symptom of worsening affordability that has disrupted the traditional transition from the parental home to permanent independence (Arundel & Ronald, 2016).…”

Section: In-kind Intergenerational Transfersmentioning

confidence: 99%

“…In 2017, around 32% of young Australians aged 16-34 coresided with parents, of whom only roughly 1 in 10 paid board (Chia & Erol, 2021). Prior Australian literature is yet to empirically provide a value for this coresidence on the odds of transitions to ownership over other forms of tenure.…”

Section: In-kind Intergenerational Transfersmentioning

confidence: 99%

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Intergenerational transfers and home ownership outcomes: Transmission channels and geographic differences

ViforJ

Clark²,

Phelps

2022

Population Space and Place

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Previous research has shown that the home ownership status of parents matters for the likelihood of a child becoming an owner, and other research has studied how financial intergenerational transfers affect the transition to ownership. We extend these existing studies by estimating the effect of financial transfers on the probability of becoming an owner as well as the role of in‐kind transfers. We also analyse how the impacts of different intergenerational transmission channels vary across neighbourhoods of advantage and disadvantage and discuss the implications for inequality in access to ownership. Drawing on a large panel data set from the Household, Income and Labour Dynamics in Australia Survey, we offer three new findings. First, we show that financial transfers made concurrently with home purchases play a more important role than lagged transfers and that in‐kind transfers are also an important part of the process of gaining ownership. Second, we note that in‐kind transfers are more effective for raising home ownership prospects in areas with high socioeconomic status, while financial transfers appear to be more effective in middle‐class neighbourhoods. Third, children from disadvantaged backgrounds are least likely to be assisted into home ownership by intergenerational transfers.

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Section: Literature Reviewmentioning

confidence: 99%

Section: In-kind Intergenerational Transfersmentioning

confidence: 99%

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Intergenerational transfers and home ownership outcomes: Transmission channels and geographic differences

ViforJ

Clark²,

Phelps

2022

Population Space and Place

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“…Impacts are not confined to those outside home ownership, with a growing body of literature noting the increasing impact on and importance of family resources on young peoples' housing transitions (Chang 2021;Forrest and Yip 2013;Hirayama 2017;Niu and Zhao 2021) and addressed further below. Young people are staying in the parental home for longer and returning more frequently, living either for free or paying board, including high earning young people (Chia and Erol 2021). Waldron (2022) also demonstrates these attempts to confront housing and other forms of precarity, have impacts on social identity, family relations and psycho-social health.…”

Section: Introduction: Pathways Into Home Ownership In the 21st Centurymentioning

confidence: 99%

Pathways to home ownership in an age of uncertainty

Troy¹,

Wolifson²,

Buckley³

et al. 2023

AHURI Final Report

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Related reports and documentsInquiry into financing first home ownership: opportunities and challenges https://www.ahuri.edu.au/research-in-progress/Inquiry-intofinancing-first-home-ownership-opportunities-and-challenges AHURI AHURI is a national independent research network with an expert not-for-profit research management company, AHURI Limited, at its centre. AHURI's mission is to deliver high quality research that influences policy development and practice change to improve the housing and urban environments of all Australians.Using high quality, independent evidence and through active, managed engagement, AHURI works to inform the policies and practices of governments and the housing and urban development industries, and stimulate debate in the broader Australian community. AHURI undertakes evidence-based policy development on a range of priority policy topics that are of interest to our audience groups, including housing and labour markets, urban growth and renewal, planning and infrastructure development, housing supply and affordability, homelessness, economic productivity, and social cohesion and wellbeing. AHURI Limited also gratefully acknowledges the contributions, both financial and in-kind, of its university research partners who have helped make the completion of this material possible. DisclaimerThe opinions in this report reflect the views of the authors and do not necessarily reflect those of AHURI Limited, its Board, its funding organisations or Inquiry Panel members. No responsibility is accepted by AHURI Limited, its Board or funders for the accuracy or omission of any statement, opinion, advice or information in this publication. AHURI journalAHURI Final Report journal series is a refereed series presenting the results of original research to a diverse readership of policy makers, researchers and practitioners. Peer review statementAn objective assessment of reports published in the AHURI journal series by carefully selected experts in the field ensures that material published is of the highest quality. The AHURI journal series employs a double-blind peer review of the full report, where anonymity is strictly observed between authors and referees.

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“…In places such as Australia, which is a predominantly home-ownership country, there are issues of shortage in housing supply [6,7]. Hence, young people in Australia are turning to alternative options for accessing housing, such as the build-to-Rent (BTR) housing model [8] and staying with parents [9,10], among other options.…”

Section: Introductionmentioning

confidence: 99%

Perceptions of Young Adults on the Critical Success Factors of the Build-to-Rent Housing Model in Sydney, Australia

Abidoye

Ahiadu

et al. 2023

Buildings

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Amid Australia’s surging house prices, rental housing has become the safety net for young adults experiencing housing stress. The attention of policymakers is drawn towards the build-to-rent (BTR) housing model, a growing housing option for many young Australian adults. Although BTR’s integration into Australia’s housing and planning landscape is unfolding, the perception of young adults is lacking in policy reforms for this growing industry. This study examines the perspectives of young adults aged 18 to 34 years on the critical success factors (CSFs) of the BTR housing provision in Australia. The responses are analysed using an explanatory factor analysis, relative importance index, and ANOVA. Our findings show a critically low awareness of BTR among young adults in Australia. Respondents, between 18 and 24 years, are most concerned with public awareness, an indication of their desire for transparency and engagement in decision making at the policy level. Young adults rank regulation and government policy interventions as the most important CSF of BTR housing. This shows that they are more concerned about the affordability of BTR houses. This study concludes that young adults’ viewpoints on BTR are important in ongoing policy reforms. There is a need to ensure that this asset class is accessible and affordable to this target group.

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Young Australians living with parents: free and pay board as popular housing tenure choices

Cited by 6 publications

References 69 publications

Intergenerational transfers and home ownership outcomes: Transmission channels and geographic differences

Intergenerational transfers and home ownership outcomes: Transmission channels and geographic differences

Pathways to home ownership in an age of uncertainty

Perceptions of Young Adults on the Critical Success Factors of the Build-to-Rent Housing Model in Sydney, Australia

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