Inequality in Australia: Housing in the Asset Society

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The project addresses the role of housing in growing inequalities of wealth in Australia in an era when housing prices have risen faster than wages. It will generate new knowledge about 1) the institutional drivers that have led to a combination of house price appreciation and wage stagnation and 2) the role that intergenerational housing-based wealth transfers are playing in shaping the life chances and trajectories of young people. An expected outcome will be a model of social stratification that takes full account of household asset positions. The findings of the project will provide benefits to organisations seeking practical policy options for addressing growing wealth inequality and for enhancing social cohesion in Australia.