2020
DOI: 10.18408/ahuri3125701
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Supporting Australia’s housing system: modelling pandemic policy responses

Abstract: This research considered the economic literature relating to pandemics and modelled a range of related economic outcomes on employment and unemployment by sector and on the housing outcomes of home owners, private renters, and small investor landlords in Australia from late 2020 and through 2021.

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Cited by 7 publications
(21 citation statements)
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“…The two most important policy responses, announced in late March, were (1) a Coronavirus Supplement that substantially increased the payment rate for people accessing income support payments, including unemployment benefits (called 'JobSeeker'), and (2) a wage subsidy paid to businesses substantially affected by required closures to enable them to retain eligible workers at a rate of $1500 a fortnight (called 'JobKeeper'). Together, JobSeeker and JobKeeper are estimated to have reduced measures of poverty and housing stress to below pre-COVID levels (Leishman et al, 2020;Phillips et al, 2020). The largest reductions in household poverty were estimated to be in the lowest-income households (Phillips et al, 2020).…”
Section: Discussionmentioning
confidence: 99%
“…The two most important policy responses, announced in late March, were (1) a Coronavirus Supplement that substantially increased the payment rate for people accessing income support payments, including unemployment benefits (called 'JobSeeker'), and (2) a wage subsidy paid to businesses substantially affected by required closures to enable them to retain eligible workers at a rate of $1500 a fortnight (called 'JobKeeper'). Together, JobSeeker and JobKeeper are estimated to have reduced measures of poverty and housing stress to below pre-COVID levels (Leishman et al, 2020;Phillips et al, 2020). The largest reductions in household poverty were estimated to be in the lowest-income households (Phillips et al, 2020).…”
Section: Discussionmentioning
confidence: 99%
“…• Many people, particularly young people, experienced changes to employment or income, but housing and other costs were covered by accessing savings, superannuation and JobKeeper or the supplemented JobSeeker (Baker, Bentley et al 2020;Oswald, Moore et al 2020), and this served to reduce housing stress (Leishman, Ong et al 2020).…”
Section: Housing Policy and Covid-19mentioning
confidence: 99%
“…The immediate impact on job markets has been severe, and is expected to be sustained. The International Monetary Fund has recently predicted a global economic decline for 5.2 per cent for 2020; and research by Leishman, Ong et al (2020) similarly suggest that Australian GDP growth in 2021 will be between 4 and 5 per cent lower than 2019. Growth in Australian GDP is expected to decline by around 6.3 per cent this year (RBA 2020c).…”
Section: Employmentmentioning
confidence: 99%
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