Investment in housing represents the largest single source of wealth for individuals and has an important role in the macro economy. Traditional economic indicators cannot always observe the degree of purchaser and vendor willingness and therefore consideration should also be given to characteristics of buyers and sellers in the marketplace. This study draws the disciplines of housing research and demography closer and looks to social indicators for an insight into residential housing markets.
The research analysed changes in the value of established residential house prices in Brisbane and the influence of variations in social structure on a longitudinal time series basis. Results confirmed the existence of strong linkages between social constructs and established house prices. While it is acknowledged that established house values are significantly influenced by external! economic and political factors, this research confirmed that serious consideration must also be given to social factors and demographic variables.
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Field of Research
150403 Real Estate and Valuation Services
Socio Economic Objective
970115 Expanding Knowledge in Commerce, Management, Tourism and Services
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