Housing Equity Withdrawal
Perceptions of Obstacles among Older Australian Home Owners and associated Service Providers
Bibliographic Data
| ID | 2115877 |
|---|---|
| Authors | Therese Jefferson (0000-0001-7393-7046, Curtin University), Siobhan Austen (0000-0002-2367-0889, Curtin University), Rachel Ong (0000-0001-8557-8802, Curtin University), Marietta E A Haffner, Marietta Haffner (0000-0002-5001-2056, RMIT University), Graeme A Wood (0000-0002-1465-3016, RMIT University), Gavin A Wood |
| Year | 2017 |
| Volume | 46 |
| Issue | 3 |
| Pages | 623-642 |
| Publication date | 2017-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Social Policy (JOURNAL) |
| Journal identifiers | ISSN: 0047-2794 • E-ISSN: 1469-7823 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0047279417000058 |
| OpenAlex | W2588142342 |
| Language | EN |
| Citations received | 10 |
| References cited | 20 |
Housing wealth dominates the asset portfolios of the older population in Australia and many other countries. Given the anticipated spike in fiscal costs associated with population ageing, there is growing policy interest in housing equity withdrawal (HEW) to finance living needs in retirement. This paper sheds light on homeowners' perceptions of the obstacles associated with two forms of HEW: mortgage equity withdrawal (where thein situhome owner increases his/her housing-related debt) and downsizing (where housing equity is released by moving to a lower-valued property). We uncover a series of age-specific barriers impeding older Australians' use of these forms of HEW through qualitative analysis of semi-structured interviews conducted with home owners and professional service providers in related areas of policy and practice. To that end, we recommend the development of a range of safeguards that will minimise the risk exposure and other obstacles associated with HEW for older home owners
Asset (computer security) · Business · Debt · Demographic economics · Economics · Equity (law) · Home equity · Political science · Population · Population ageing · Public economics · Service (business) · Service provider · Finance · Housing Market and Economics · Housing, Finance, and Neoliberalism · Marketing · Medicine · Migration, Aging, and Tourism Studies
Attitudes towards housing equity release strategies among older home owners
Immaterial Inheritance
The Growing Intergenerational Housing Wealth Divide
Unlocking housing wealth through mortgage debt
Kemeny revisited
Homeowner investor subjects as providers of family care and assistance
Housing as Asset‐Based Welfare in Australia
Asset-rich and cash-poor
Cumulative Precarity
Comparing the Implications of Expanded Income-Based Measures of Living Standards with an Application to Older Australians
The Tanner Lectures on Human Values
Property-based welfare and European homeowners
Savings for Old Age? Housing Wealth of the Dutch Elderly
Do the elderly reduce housing equity? An international comparison
The Blackwell Companion to the Economics of Housing
Asset-based Welfare, Equity Release and the Meaning of the Owned Home
Housing Equity Withdrawal in Australia
Channels from Housing Wealth to Consumption
Analytic Strategies and Sample Size
| Unique citing works | 10 |
|---|---|
| Citations per year | 1,25 |
| Citation span | 2018 - 2026 (9) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 9 |