Delivering housing affordability solutions

Housing development

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Expert economists from the 成人大片 will share their solutions to the current housing affordability crises during a series of presentations at a free workshop this September.

Associate Professor Duygu Yengin from the University鈥檚 School of Economics and Public Policy has co-organised the workshop . The free event is open to the public and will be held on the 29 September.

鈥淓conomists agree that focusing housing solution efforts on the demand-side of the market is generally counter-productive. For instance, first homeowner grants or tax concessions actually increase housing demand and lead to higher house prices,鈥 said Associate Professor Yengin.

鈥淭o combat the housing affordability crisis we face in Australia, the supply-side of the market must be our focus.鈥

Associate Professor Yengin researches the economic theory of housing markets. She examines how South Australia can speed up urban renewal and combat urban sprawl to deliver improved housing affordability.

鈥淯rban sprawl has undesirable consequences such as longer transportation times to social amenities, higher infrastructure costs, and more difficult access to jobs. The solution is medium to high-density developments in established suburbs that are well served by public infrastructure.

鈥淚mproving the supply of adequate housing in South Australia is an essential part of making housing more affordable.鈥

鈥淚mproving the supply of adequate housing in South Australia is an essential part of making housing more affordable.鈥Associate Professor Duygu Yengin from the 成人大片鈥檚 School of Economics and Public Policy

Associate Professor Yengin will talk about her latest research at the workshop: . Her paper analyses the impact of planning laws that allow strata schemes to be dissolved using a majority decision.

鈥淩eplacing ageing and low-rise strata schemes with medium density newer buildings would help with housing affordability by increasing housing supply, as well as combatting urban sprawl,鈥 she said.

鈥淚n South Australia, unanimous agreement by all owners is needed to sell a strata scheme to a developer. However, in 2016 New South Wales passed new legislation which allows for the entire strata scheme to be sold if at least 75% of the owners agree to sell to a developer.鈥

After the passing of the legislation, strata sales almost doubled in New South Wales.

鈥淎 similar legislation in South Australia can speed up urban renewal and combat urban sprawl, delivering higher housing affordability in our state.鈥

The workshop is presented by the 成人大片鈥檚 Stretton Institute and the Economic Society of Australia. It brings together economists and public policy makers to find solutions to housing affordability issues with a series of presentations and panel discussions occurring throughout the day.

The and how to book is available online.

When: Friday, 29 September 2023. 9:30am-5pm.

Where: Santos Lecture Theatre, Level 1, 10 Pulteney Street, the 成人大片.

Register: to register for free.

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