Research Discussion Paper – RDP 2005-10 Housing and the Household Wealth Portfolio: The Role of Location

Contents

• Introduction
• Literature Review
• Property Holdings in the Household Asset Portfolio
• Empirical Model and Results
• Conclusions
• Appendix A: Data Description and Sources
• References

The views expressed in this paper are those of the authors and do not necessarily reflect the views of the Reserve Bank of Australia. We would like to thank Lynne Cockerell, Luci Ellis, Gianni La Cava, Christopher Kent, Tim Robinson, Louise Wilkinson and seminar participants at the RBA, RBNZ and the 2005 HILDA Conference for helpful suggestions and technical advice. Anna Park provided invaluable assistance with the urbanisation data. The authors are solely responsible for any remaining errors.