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Abstract

The political economy of housing in Australia is in flux; householdsincreasingly engage in the housing market as a way to managesocial and financial risks. Addressing a lack of empirical research onhousehold decision-making, we interviewed 40 owners and renterhouseholds in Melbourne. Participants understood the role of housing as a financial asset; this was enacted through their adoption ofthe position of a neoliberal investor subject engaged in speculativeinvestment and rational calculation of risks and rewards. Renterswere conscious of living in their landlord's investment. However,some participants also articulated active resistance to speculativeinvestment in the housing market, and their commitment to theuse value of housing and other meanings of home. This examination of the feelings and practices of participants within the housingmarket provided new insights into the ways that neoliberal ideology and financialization processes are currently shaping Australia.

Item Type:	Article
Authors/Creators:	Gorter, T and Jacobs, K
Keywords:	families with young children, housing market, Melbourne, investor subject, financialisation, private rental, home ownership, qualitative
Journal or Publication Title:	Housing, Theory and Society
Publisher:	Taylor & Francis Scandinavia
ISSN:	1403-6096
DOI / ID Number:	10.1080/14036096.2020.1813803
Copyright Information:	© 2020 IBF, The Institute for Housing and Urban Research
Related URLs:	Google Scholar: Jacobs, K UTAS Profile: Jacobs, K
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