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We examine whether a single housing market exists across 16 cities covering two countries, Australia and New Zealand … single housing market across these cities, then the economic forces that lead to such convergence must be other than … commuting arbitrage forces that have been posited as driving convergence in densely populated countries such as the United …
Persistent link: https://www.econbiz.de/10011883121
House price trends in each of New Zealand and Australia are frequently discussed as national level developments. Sub … prices in Australia. One reason this could occur is if international macroeconomic and asset price trends dominate housing … Zealand and Australia to examine the degree of differentiation across regional housing markets. While some minor regional …
Persistent link: https://www.econbiz.de/10013138402
We study the effects of a large-scale upzoning on house prices and redevelopment premiums in Auckland, New Zealand. Upzoning significantly increases the redevelopment premium, but the overall effect on house prices depends on the economic potential for site redevelopment, with underdeveloped...
Persistent link: https://www.econbiz.de/10012842319
This paper examines the causal impact of internal migration on house price changes in Queensland - Australia's new …
Persistent link: https://www.econbiz.de/10012653873
Australia is one of the most mobile countries in the world through internal migration, which is an overlooked part of … changes across 237 statistical regions in Australia from 2014 to 2019. Employing a spatial correlation approach and … populated states of Australia. The results provide further suggestive evidence that migration inflow has a significant positive …
Persistent link: https://www.econbiz.de/10012543694
model into the Fisher price index formula. Using a data set consisting of 454507 observations for Sydney, Australia over the …
Persistent link: https://www.econbiz.de/10010359519
We construct rent-price ratios for houses and units in 82 local government areas in the Sydney and Melbourne markets for the period 1985/86-2015. Using this annual data we employ long-horizon regression techniques and find that rent-price ratios (i.e. rental yields) have predictive content for...
Persistent link: https://www.econbiz.de/10012964099
This paper introduces series of house and land prices for Australia's major capital cities for the period 1880 …
Persistent link: https://www.econbiz.de/10013038437
Using Australian capital city data from 1984Q3-2008Q2, this paper utilizes a dynamic present value model within a VAR framework to construct fundamental time series of house prices depicting what aggregate house prices should be given expectations of future real disposable income - the...
Persistent link: https://www.econbiz.de/10013151121
Seasonality has long been documented in the context of equity market returns, but only recently has been tested for in the residential real estate market. This paper argues, in line with the previous research in this area, that no month should, on average, demonstrate superior (or inferior)...
Persistent link: https://www.econbiz.de/10013156843