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Residential property investment : assessing home ownership long term viability

Eves, Chris (2012) Residential property investment : assessing home ownership long term viability. In Wang, Yaowu, Bai, Yong, & Shen, Geoffrey (Eds.) Proceedings of 2012 International Conference on Construction & Real Estate Management, China Architecture & Building Press, Intercontinental Hotel, Kansas City Missouri US, pp. 631-634.

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Abstract

Home purchase and ownership is seen by the majority of Australians as the basis for a sound investment strategy and to seciure their long term retirement goals. Although home ownership rates in Australia are in excess of 65% of the population, there have been doubts raised as to the effectiveness of purchasing a house as the main source of retirement income. The main issue with this approach is that the house has to be sold to gain access to these funds or the owners have to take out a reverse mortgage to access the capital tied up in their home, which can be more expensive than selling. This paper will carryout a detailed analysis of a number of investment options to determine the effectiveness of home purchase as a long term investment vehicle. This study has found that the long term investment in equities or managed superannuation funds can provide a greater retirement income than the purchase of a residential property for owner occupation

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ID Code: 54319
Item Type: Conference Paper
Keywords: Residential property, investment performance, total returns, housing markets, house prices, property values, residential rents
ISBN: 978-7-112-14631-4
Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > OTHER BUILT ENVIRONMENT AND DESIGN (129900) > Built Environment and Design not elsewhere classified (129999)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > COMMERCIAL SERVICES (150400) > Real Estate and Valuation Services (150403)
Divisions: Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2012 please consult the authors
Deposited On: 25 Oct 2012 11:18
Last Modified: 26 Apr 2013 19:31

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