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Housing Careers, Life Cycle and Residential Mobility: Implications for the Housing Market

The concept of a housing career provides a useful way of integrating the residential mobility and filtering literatures in understanding the operation of the housing market. Using data from a survey in Adelaide, the paper examines these careers in terms of moves to and from both rental accommodation and home ownership. It shows how the progression of households through the stock is influenced by the circumstances that prompt moves, economic resources, and stage in the family life cycle. The results suggest that acceleration and postponement of advancement along housing careers provide the principal mechanisms by which household demand adjusts to available housing supply over the short term.