This paper investigates the presence of housing bubbles in Australia at the national, capital city, and local … employ the recursive evolving method proposed by Phillips et al. (2015a,b) for the detection of explosive bubbles. While the … bubbles identified for Sydney and Melbourne during the recent rapid housing price expansions from 2013 to 2017. The LGA …

's largest cities. One interpretation of our results is that stochastic, rational bubbles were a feature of Australia's major … in Australia's housing markets, there is little evidence that what might be identified as house price bubbles had any …