000			01985nam a22002177a 4500
003			OSt
005			20241127113815.0
008			241018b |||||||| |||| 00| 0 eng d
022			_a0264-2751
040			_c
100			_aBangura, Mustapha _9909
245			_aEntry affordability of employment types _bEvidence along the theory of full-time and part-time wage differentials
260			_aAustralia _bCities _cOCtober 2024
300			_a15 pages
500			_akEYWORDS: Entry affordability, Part-time and full-time employees, Strata and non-strata, Theory of wage differentials, Greater Sydney
520			_aWith the prevailing uncertainties in the labour market, existing literature has not adequately covered the link between employment contracts of part-time and full-time employees with entry to the housing market. We examine the current entry affordability of these income earners for strata and non-strata property types using data from 2004 to 2021 and forecasted this index for the period 2022Q1 to 2031Q4 for each of the metropolis of three cities of Greater Sydney. By mirroring the theory of full-time and part-time wage differentials, we empirically found that income supplements like wealth and scaling down housing preferences play an important role in entering the housing market. The forecasted entry affordability shows there is nowhere in Greater Sydney where the mere reliance on NSW median part-time or median full-time income could make entry to the market possible. Also, entry affordability from 2004 to 2021 was extremely unaffordable for both employment contracts. These findings could help developers, homebuyers, lending institutions, and policymakers to make more informed decisions about their activities, manage risks, and plan for the market.
650		0	_aHousing Affordability _9496
700			_aLee, Chyi Lin _9910
856			_uhttps://www.sciencedirect.com/science/article/pii/S0264275124004608 _zView item on publishers website
942			_2ddc _cA
999			_c953 _d953