Relationship between housing affordability and house ownership in Penang

Abstract

There are many variables affected housing affordability. The variables are household income, household expenditure, monthly household payment, type of work, level of education, number of children, house price, housing location etc. These variables have been used as an indicator for future housing buyer before they make a decision to own a house. The objectives of this research are to determine the relationship between housing affordability and house ownership. The sample of this research comprises individuals who own a house at Flat Setia Vista, Relau, Pulau Pinang. The convenience sampling technique is used for this research with Binary Logistic Regression method as its analytical tool. The findings indicate that from six variables were tested in this research, namely household income, household expenditure, monthly household payment, type of work, level of education and number of children, only two variables have a relationship of housing affordability in housing ownership in Penang such as household income and number of children.