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We construct rent-price ratios for houses and units in 82 local government areas in the Sydney and Melbourne markets … for the period 1985/86-2015. Using this annual data we employ long-horizon regression techniques and find that rent … the rent-price ratio implied by the present-value model, we find that variation in rental yields of units in Sydney is …
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This paper examines housing finance and housing price dynamics in selected emerging Middle Eastern economies over the past two decades. It finds that (i) mortgage markets have experienced rapid development, which has led to lower private per capita consumer spending volatility this decade; (ii) a...
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