There is increasing evidence that housing and housing markets impact a variety of behaviors and outcomes.
Using a rich panel of Australian microlevel data, we estimated the effect of housing price changes on both
fertility intentions and fertility outcomes. The analysis indicates that the likelihood of having a child among
homeowners is positively related to an increase in housing wealth. The positive housing wealth effect has the
greatest impact on the fertility and fertility intentions of Australian homeowners who are young and mortgage
holders. In comparison, there is evidence that increases in housing prices decrease the fertility intentions of
private renters with children.