September 5, 2025Economic RecordOpen Access

A Structural Model of Mortgage Offset Accounts in the Australian Housing Market*

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This analysis reveals how mortgage offset accounts impact household welfare and liquidity in Australia.

Households with larger incomes and mortgages benefit most from mortgage offset accounts, improving their financial standing.
The study identifies that middle-aged households are more likely to utilize these financial products effectively.
A social planner's adjustments to the price structure could enhance welfare across diverse household incomes in the market.
The heterogeneous agent life-cycle model provides insights into usage patterns and benefits of mortgage products.

James Graham (2025) studied this question.

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