Unsettling suburbia: the new landscape of oil and mortgage vulnerability in Australian cities

This paper provides an update of a report we released in 2006 - titled Shocking the Suburbs - which examined the distribution of household exposure to higher petrol prices, mortgage interest rate rises and general price inflation due to increases in global oil prices. In that paper we presented a numerical index which we created called the 'vulnerability assessment for mortgage, petroleum, and inflation risks and expenditure' (VAMPIRE). This index measures the extent of household exposure to the impacts of higher fuel prices and mortgage interest rates. This paper has four aims. First it reviews the basis for the increases in global oil prices seen since 2004. Next the paper considers some of the emerging evidence of socio-economic impacts arising from higher fuel prices and mortgage interest rates. Third, the paper presents the results of the 2006 VAMPIRE and compares them to the 2001 VAMPIRE results. Finally the paper makes observations about the policy implications of the changes in oil and mortgage vulnerability within Australian cities - including advocating for urgent government action to address the oil vulnerability of Australian cities and suburbs and reiterating our earlier call for more in-depth research on this increasingly unsettling issue.


  • English

Media Info

  • Pagination: 43p
  • Serial:
    • Issue Number: 17

Subject/Index Terms

Filing Info

  • Accession Number: 01385647
  • Record Type: Publication
  • Source Agency: ARRB
  • ISBN: 9781921291401
  • Files: ATRI
  • Created Date: Aug 22 2012 7:08PM