{"links":{"self":"http://dataportal.arc.gov.au/NCGP/API/grants/DE260100600"},"data":{"type":"grant-details","id":"DE260100600","attributes":{"code":"DE260100600","administering-organisation":"The University of Sydney","announcement-administering-organisation":"The University of Sydney","scheme-name":"Discovery Early Career Researcher Award","grant-status":"Active","funding-commencement-year":2026,"years-funded":3,"project-start-date":"2026-02-23","anticipated-end-date":"2029-02-22","grant-summary":"The Long-Run Macroeconomics of Housing Affordability and Homeownership. This project aims to investigate long-run drivers of declining Australian and international housing affordability. It expects to generate new knowledge about the causes of rising house prices and falling homeownership by combining historical housing data with macroeconomic housing market models. This innovative approach can help disentangle the effects of changing housing demand and supply factors such as declining interest rates, rising incomes, growing populations, and tighter constraints on new home construction. Expected outcomes include new insights into long-run housing market dynamics and the effectiveness of housing policy interventions, which should benefit Australian households through improved housing affordability and access.","funding-current":515534.00,"funding-at-announcement":511409,"investigators-current":[{"title":"Dr","firstName":"James","familyName":"Graham","roleName":"Discovery Early Career Researcher Award","roleCode":"DECRA","isFellowship":true,"orcidIdentifier":"0000-0002-1777-3363 "}],"investigators-at-announcement":[{"title":"Dr","firstName":"James","familyName":"Graham","roleName":"Discovery Early Career Researcher Award","roleCode":"DECRA","isFellowship":true,"orcidIdentifier":"0000-0002-1777-3363 "}],"organisations-current":[{"organisationName":"The University of Sydney","roleName":"Administering Organisation","state":"NSW"}],"organisations-at-announcement":[{"organisationName":"The University of Sydney","roleName":"Administering Organisation","state":"NSW"}],"field-of-research":[{"isPrimary":true,"code":"3801","name":"Applied Economics","type":"FOR20"},{"isPrimary":false,"code":"380112","name":"Macroeconomics (Incl. Monetary and Fiscal Theory)","type":"FOR20"}],"socio-economic-objective":[{"code":"150209","name":"Savings and Investments","type":"SEO20"},{"code":"150299","name":"Macroeconomics Not Elsewhere Classified","type":"SEO20"}],"international-collaboration":["New Zealand","United States of America"],"lief-register":[],"achievement-summary":null,"national-interest-test-statement":"A long-running housing crisis has seen sharp declines in housing affordability around the world, but especially in Australia. Since the 1980s, Australian house prices have grown from two- to nearly six-times the average income and it now takes more than 10 years for the typical household to save for a deposit on their first home. As homeownership continues to decline, the crisis poses both economic and social risks for families while putting strain on government resources directed to housing support. This project investigates and compares the macroeconomic drivers of house prices and homeownership across Australia, New Zealand, and the USA since the mid-20th century. It quantifies the roles of housing demand and supply over the long run via falling interest rates, rising incomes, growing populations, and tighter constraints on new home construction. The project fills gaps in knowledge since existing research tends to focus on non-Australian housing markets, short-term fluctuations, and isolated macroeconomic factors. The project aims to provide actionable insights for policymakers seeking to improve housing affordability. Lower housing costs will provide significant economic and social benefits by improving housing access, reducing housing stress, and alleviating pressure on government budgets. Research findings will be shared with macroeconomic and housing policymakers and with the public via conferences, lectures, school visits, and writing and interviews with the media."}}}