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Two countries, sixteen cities, five thousand kilometres : how many housing markets?
Greenaway-McGrevy, Ryan; Grimes, Arthur L.; Holmes, Mark J. - 2016
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
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A Simple Model of Housing Rental and Ownership with Policy Simulations
Coleman, Andrew; Scobie, Grant M. - 2009
The housing market is both large and complex. This paper develops a simple model that captures the essential features of the supply and demand for housing, and which is used to evaluate the impact of a range of policy interventions. Increases in the stock of housing would reduce rents and house...
Persistent link: https://www.econbiz.de/10012115614
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New Zealand Housing Markets : Just a Bit-Player in the A-League?
Grimes, Arthur - 2010
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
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The Effect of Upzoning on House Prices and Redevelopment Premiums in Auckland, New Zealand
Greenaway-McGrevy, Ryan - 2020
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
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Housing Supply and Land Use Regulation in the Netherlands
Vermeulen, Wouter; Rouwendal, Jan - 2007
In spite of a growing recognition of the importance of supply conditions for the level and volatility of house prices, empirical work on housing supply outside the US is scarce. This paper considers various measures of housing supply in the Netherlands, where real house prices have roughly...
Persistent link: https://www.econbiz.de/10010325241
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Heterogeneous expectations, boom-bust housing cycles, and supply conditions : a nonlinear dynamics approach
Dieci, Roberto; Westerhoff, Frank H. - 2015
We combine a standard stock-flow housing market model, incorporating explicit relationships between house prices, the housing stock, and the rent level, with a parsimonious expectation formation scheme of housing market investors, reflecting an evolving mix of extrapolative and regressive...
Persistent link: https://www.econbiz.de/10010517701
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Housing supply and land use regulation in the Netherlands
Vermeulen, Wouter; Rouwendal, Jan - 2007 - Version July 2007
In spite of a growing recognition of the importance of supply conditions for the level and volatility of house prices, empirical work on housing supply outside the US is scarce. This paper considers various measures of housing supply in the Netherlands, where real house prices have roughly...
Persistent link: https://www.econbiz.de/10011372990
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Search costs, sorting and "property ladder" effects : evidence from the valuation of amenities
Lyons, Ronan - 2012
The housing market is one of the most important markets in any economy, constituting typically both the most important class of consumption good and the most widely held investment asset. The origin of the Great Recession in the U.S. housing market has shown the importance of linkages between...
Persistent link: https://www.econbiz.de/10011515013
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Secondary housing supply
Mense, Andreas - 2021 - This version: August 30, 2021
I estimate the impact of new housing supply on the local rent distribution, exploiting weather shocks during the construction phase as an instrument. New supply decreases rents at all quality levels. Building on a quantitative dynamic model of housing quality and tenure choice, I explain this...
Persistent link: https://www.econbiz.de/10012607819
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Unawareness and selective disclosure : the effect of school quality information on property prices
Haisken-DeNew, John P.; Hasan, Syed; Jha, Nikhil; … - 2017
The Australian Government launched the My School website in 2010 to provide standardised information about the quality of schools to the Australian public. This paper combines data from this website with home sales data for the state of Victoria to estimate the effect of the publication of...
Persistent link: https://www.econbiz.de/10011589131