Purpose: The purpose of this paper is twofold. First, the study aims to test whether expectations are adaptive in the Auckland housing market. The second purpose is to examine the interplay between expectations and Auckland housing prices. Design/methodology/approach: In this study, two vector...

Purpose: The purpose of this paper is to examine housing speculation in Auckland, New Zealand, the second most unaffordable market in the world. Design/methodology/approach: The study considers rental property purchases from 2002 to 2016 within the Auckland region. The authors apply a simple...

Purpose: Numerical superstition is well-known in Asian countries and can influence decision-making in many markets, from financial investment to purchasing a house. This study aims to determine the house price effects of superstition and understand if these have changed over time....

Purpose: Automated valuation models (AVMs) are statistical asset pricing models omnipresent in residential real estate markets, where they inform property tax assessment, mortgage underwriting and marketing. Use of these asset pricing models outside of residential real estate is rare. The...