Determinants of mortgage repayment affordability among middle income household in penang

The affordable houses are offered in urban cities are beyond the accessibility of middle income households due to high cost of living and heavy debt. The common issue have been discussed on homeownership is the eligibility to access the financing. However, the ability to pay the mortgage installment...

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محفوظ في:
التفاصيل البيبلوغرافية
المؤلف الرئيسي: Siti Zulaikha, Alzahari
التنسيق: أطروحة
اللغة:eng
eng
eng
منشور في: 2019
الموضوعات:
الوصول للمادة أونلاين:https://etd.uum.edu.my/8689/1/depositpermission_s819973.pdf
https://etd.uum.edu.my/8689/2/s819973_01.pdf
https://etd.uum.edu.my/8689/3/s819973_references.docx
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spelling my-uum-etd.86892021-10-04T03:17:33Z Determinants of mortgage repayment affordability among middle income household in penang 2019 Siti Zulaikha, Alzahari Zainuddin, Zaemah School of Economics, Finance & Banking School of Economics, Finance & Banking HC Economic History and Conditions The affordable houses are offered in urban cities are beyond the accessibility of middle income households due to high cost of living and heavy debt. The common issue have been discussed on homeownership is the eligibility to access the financing. However, the ability to pay the mortgage installment while maintaining basic necessities is also another issue that needs to be given an attention too. Hence, to have deep understanding on homeownership issue, this study will explore a new perspective by reviewing the repayment affordability of house buyers. This study will examine the determinants of mortgage repayment affordability among middle income households in Penang. The samples of this study comprising of middle income households who still pay for mortgage loans in the recent ten years. A total of 142 respondents have been chosen by using the convenience sampling to answer the questionnaires. Statistical Package for Social Sciences (SPSS) is use to run the analysis. The findings show that non-housing expenditures are significantly affecting the mortgages repayment affordability of medium and long term house buyers. Whereas, housing expenditure only gives an impact on medium term house buyers. Hire purchase, food and non-alcoholic beverages, child expenses and personal loan variables show a significant influence of housing expenditure toward mortgage repayment affordability of the middle-income households in Penang. However, an analysis on the house purchasing period shows only food and non-alcoholic beverages, and hire purchase are significant and influence repayment affordability of the medium term of house buyers. On the other hand, four variables namely children expenses, hire purchase, food and non-alcoholic beverages and communication are significant to long term house buyers. This paper brings this issue to the forefront as an effort for future research and to engage the policy maker to be conscious of the importance of the non-housing expenditure in homeownership issue. 2019 Thesis https://etd.uum.edu.my/8689/ https://etd.uum.edu.my/8689/1/depositpermission_s819973.pdf text eng staffonly https://etd.uum.edu.my/8689/2/s819973_01.pdf text eng public https://etd.uum.edu.my/8689/3/s819973_references.docx text eng public other masters Universiti Utara Malaysia
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
eng
advisor Zainuddin, Zaemah
topic HC Economic History and Conditions
spellingShingle HC Economic History and Conditions
Siti Zulaikha, Alzahari
Determinants of mortgage repayment affordability among middle income household in penang
description The affordable houses are offered in urban cities are beyond the accessibility of middle income households due to high cost of living and heavy debt. The common issue have been discussed on homeownership is the eligibility to access the financing. However, the ability to pay the mortgage installment while maintaining basic necessities is also another issue that needs to be given an attention too. Hence, to have deep understanding on homeownership issue, this study will explore a new perspective by reviewing the repayment affordability of house buyers. This study will examine the determinants of mortgage repayment affordability among middle income households in Penang. The samples of this study comprising of middle income households who still pay for mortgage loans in the recent ten years. A total of 142 respondents have been chosen by using the convenience sampling to answer the questionnaires. Statistical Package for Social Sciences (SPSS) is use to run the analysis. The findings show that non-housing expenditures are significantly affecting the mortgages repayment affordability of medium and long term house buyers. Whereas, housing expenditure only gives an impact on medium term house buyers. Hire purchase, food and non-alcoholic beverages, child expenses and personal loan variables show a significant influence of housing expenditure toward mortgage repayment affordability of the middle-income households in Penang. However, an analysis on the house purchasing period shows only food and non-alcoholic beverages, and hire purchase are significant and influence repayment affordability of the medium term of house buyers. On the other hand, four variables namely children expenses, hire purchase, food and non-alcoholic beverages and communication are significant to long term house buyers. This paper brings this issue to the forefront as an effort for future research and to engage the policy maker to be conscious of the importance of the non-housing expenditure in homeownership issue.
format Thesis
qualification_name other
qualification_level Master's degree
author Siti Zulaikha, Alzahari
author_facet Siti Zulaikha, Alzahari
author_sort Siti Zulaikha, Alzahari
title Determinants of mortgage repayment affordability among middle income household in penang
title_short Determinants of mortgage repayment affordability among middle income household in penang
title_full Determinants of mortgage repayment affordability among middle income household in penang
title_fullStr Determinants of mortgage repayment affordability among middle income household in penang
title_full_unstemmed Determinants of mortgage repayment affordability among middle income household in penang
title_sort determinants of mortgage repayment affordability among middle income household in penang
granting_institution Universiti Utara Malaysia
granting_department School of Economics, Finance & Banking
publishDate 2019
url https://etd.uum.edu.my/8689/1/depositpermission_s819973.pdf
https://etd.uum.edu.my/8689/2/s819973_01.pdf
https://etd.uum.edu.my/8689/3/s819973_references.docx
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