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Understanding cange in residential property markets: Mapping residency of employment data

Reed, Richard and Pettit, Christopher 2004, Understanding cange in residential property markets: Mapping residency of employment data, Pacific Rim property research journal, vol. 10, no. 3, pp. 353-374.

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Title Understanding cange in residential property markets: Mapping residency of employment data
Author(s) Reed, Richard
Pettit, Christopher
Journal name Pacific Rim property research journal
Volume number 10
Issue number 3
Start page 353
End page 374
Publisher Pacific Rim Real Estate Society
Place of publication Sydney, N.S.W.
Publication date 2004
ISSN 1444-5921
Summary The changing nature of residential housing markets is due to a large number of influences, although some have a larger effect than others do on house values. Whilst it is extremely difficult to completely disaggregate all influencing factors, it is possible to highlight areas that have a strong relationship with property – one of these is residency of employment. This research investigates these links between residential housing markets as measured by the level of house prices and residency of employment as measured by industry sector employment. It focuses on Local Government Areas in the State of Victoria, Australia and examines change over a ten year period between 1991 and 2001 using census and house price information. It is supported by data sourced from the Australian Bureau of Statistics and the Victorian Government’s Valuer General’s Office. The analysis also considers changes in these employment sectors from Australia’s overall perspective, as well as comparison with changes in Victoria’s overall residency of employment trends. It is assisted by a spatial representation of three 'shift-share' components and property values with the support of a geographical information system (GIS).
Language eng
Field of Research 150403 Real Estate and Valuation Services
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2004, Pacific Rim Real Estate Society
Persistent URL http://hdl.handle.net/10536/DRO/DU:30022033

Document type: Journal Article
Collections: School of Architecture and Built Environment
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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.