Using a selected New Zealand urban area data set for the period 1994–2004, we examine price and volume dynamics using various house price indexing approaches. Applying the Granger causality test based on a vector error correction model (VECM), where seasonality is considered in the model...

This paper proposes an improved net rate methodology to use the assessed land values to proxy the land contribution in real estate appraisals. The assumption in the method is that neighbourhood effects are capitalised into uniform land assessments. Compared to the traditional sales comparison...