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 – This paper develops a new decomposition method of the housing market variations to analyse the housing dynamics of the Australian eight capital cities. Design/methodology/approach – This study reviews the prior research on analysing the housing market variations and classifies the...

Purpose – A panel error correction model has been developed to investigate the spatial correlation patterns among house prices. This paper aims to identify a dominant housing market in the ripple down process. Design/methodology/approach – Seemingly unrelated regression estimators are...

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...