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Investor subjectivities in Melbourne’s high cost housing market
Citation
Gorter, TE and Jacobs, K, Investor subjectivities in Melbourne's high cost housing market, Housing, Theory and Society pp. 1-20. ISSN 1403-6096 (2020) [Refereed Article]
Copyright Statement
© 2020 IBF, The Institute for Housing and Urban Research
DOI: doi:10.1080/14036096.2020.1813803
Abstract
The political economy of housing in Australia is in flux; households
increasingly engage in the housing market as a way to manage
social and financial risks. Addressing a lack of empirical research on
household decision-making, we interviewed 40 owners and renter
households in Melbourne. Participants understood the role of housing as a financial asset; this was enacted through their adoption of
the position of a neoliberal investor subject engaged in speculative
investment and rational calculation of risks and rewards. Renters
were conscious of living in their landlord's investment. However,
some participants also articulated active resistance to speculative
investment in the housing market, and their commitment to the
use value of housing and other meanings of home. This examination of the feelings and practices of participants within the housing
market provided new insights into the ways that neoliberal ideology and financialization processes are currently shaping Australia.
Item Details
Item Type: | Refereed Article |
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Keywords: | families with young children, housing market, Melbourne, investor subject, financialisation, private rental, home ownership, qualitative |
Research Division: | Human Society |
Research Group: | Sociology |
Research Field: | Urban sociology and community studies |
Objective Division: | Law, Politics and Community Services |
Objective Group: | Community services |
Objective Field: | Social class and inequalities |
UTAS Author: | Gorter, TE (Ms Tamlin Gorter) |
UTAS Author: | Jacobs, K (Professor Keith Jacobs) |
ID Code: | 140878 |
Year Published: | 2020 |
Funding Support: | Australian Research Council (FT120100471) |
Web of Science® Times Cited: | 1 |
Deposited By: | Office of the School of Social Sciences |
Deposited On: | 2020-09-14 |
Last Modified: | 2022-08-29 |
Downloads: | 0 |
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