Showing 1 - 10 of 51,391
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 …
Persistent link: https://www.econbiz.de/10012863721
Persistent link: https://www.econbiz.de/10012320626
Persistent link: https://www.econbiz.de/10012225185
Persistent link: https://www.econbiz.de/10011782564
Persistent link: https://www.econbiz.de/10011800748
Persistent link: https://www.econbiz.de/10014287818
We build an empirical model of the Australian housing market that quantifies interrelationships between construction, vacancies, rents and prices. We find that low interest rates (partly reflecting lower world long-term rates) explain much of the rapid growth in housing prices and construction...
Persistent link: https://www.econbiz.de/10014107525
This paper analyzes the evolution of Australian property prices, the relationships between cities, houses and units, the stock market and monetary policy. Using monthly house and unit prices for all eight capital cities we identify extended periods of explosive positive price changes followed by...
Persistent link: https://www.econbiz.de/10012967856
Persistent link: https://www.econbiz.de/10013272902
bubbles in influencing the prices of Sydney units. In contrast – on average – lesser portions of the variance in rental yields … future returns and rents. Evidently there is scope for (stochastic) rational bubbles to have affected these markets. Our …
Persistent link: https://www.econbiz.de/10012964099