• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Journal of Population Ageing >House Price Appreciation in Old Age: Analysis and Issues for the Use of Reverse Mortgages as a Retirement Funding Strategy in Australia
【24h】

House Price Appreciation in Old Age: Analysis and Issues for the Use of Reverse Mortgages as a Retirement Funding Strategy in Australia

机译：老年人的房价升值：使用反向抵押贷款作为澳大利亚退休资金策略的分析和问题

获取原文
获取原文并翻译 | 示例
       
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

This paper investigates whether the houses of Australian elderly home owners appreciate at below the market rate and examines the issues this may raise for the use of reverse mortgages as a retirement funding strategy in Australia. The viability of reverse mortgages where elderly home owners effectively borrow against their housing equity depends strongly on house prices appreciating enough to offset the outstanding loan balance at the end of the loan tenure. This paper’s findings indicate that after controlling for other influences, being aged 75 years or over lowers annual house price appreciation rate by almost 1.4 percentage points. Being aged 75 years or over also lowers home improvement expenditure by over AUD3,000 per year and this is found to be attributable to a decline in income during old age. The majority of elderly home owners want to protect at least half of their housing equity when considering participating in reverse mortgage programs, but given below-average house price appreciation rates during old age, the propensity of a 50% equity protection declines sharply with age. In particular, single females aged 75 years or over are least able to protect at least half of their housing equity, with only around 15% able to do so by the end of a reverse mortgage loan tenure. The paper also finds that, worryingly, elderly home owners with characteristics associated with slower house price appreciation rates are over-represented among reverse mortgage borrowers in Australia, namely, those aged 75 years or over, single, living in apartments or residing in states with relatively slow house price growth.
机译：本文调查了澳大利亚老年房屋所有者的房屋是否以低于市场价格的价格升值，并研究了在澳大利亚将反向抵押贷款用作退休资金策略时可能引起的问题。老年房主可以有效地借以房屋净值借贷的反向抵押贷款的可行性，在很大程度上取决于房价的升值能力，足以抵消贷款期末的未偿还贷款余额。本文的调查结果表明，在排除其他影响因素后，年龄75岁或75岁以上的人，每年的房价升值幅度将降低近1.4个百分点。年龄在75岁或以上的人每年也可减少3,000澳元的家装支出，这是由于年老时收入下降所致。在考虑参加反向抵押贷款计划时，大多数老年房屋所有者希望保护至少一半的房屋资产，但是鉴于老年时期房价升值幅度低于平均水平，随着年龄的增长，50％资产保护的可能性将急剧下降。特别是，年龄在75岁或75岁以上的单身女性最无力保护自己至少一半的住房资产，到反向抵押贷款使用期结束时，只有约15％的女性能够做到这一点。该论文还发现，令人担忧的是，在澳大利亚的反向抵押贷款借款人中，具有与较慢的房价升值速度相关的特征的老年房主人数过多，即年龄在75岁或以上，单身，住在公寓或居住在州内的州。房价增长相对缓慢。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号