RBA paper on housing market equity flows
This discussion paper from the Reserve Bank of Australia looks at how equity is being withdrawn and injected in the housing market.
This paper uses a survey of 4, 500 households commissioned by the Reserve Bank of Australia to address these questions. The analysis suggests a significant life-cycle influence, with the bulk of equity withdrawal being undertaken by older households, while younger households typically inject, primarily through mortgage repayments or deposits for property purchase
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