Purpose – The purpose of this paper is to analyse the interdependencies of the house price growth rates in Australian capital cities. Design/methodology/approach – A vector autoregression model and variance decomposition are introduced to estimate and interpret the interdependences among the...

Purpose – Studies into ripple effects have previously focused on the interconnections between house price movements across cities over space and time. These interconnections were widely investigated in previous research using vector autoregression models. However, the effects generated from...