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Investigating residential property markets using employment data

Reed, Richard and Pettit, Christopher 2004, Investigating residential property markets using employment data, in PRRES 2004 : Proceedings of the 10th Annual Conference of the Pacific Rim Real Estate Society 2003, Pacific Rim Real Estate Society, [Bangkok, Thailand].

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Title Investigating residential property markets using employment data
Author(s) Reed, Richard
Pettit, Christopher
Conference name Pacific Rim Real Estate Society. Conference (10th : 2004 : Bangkok, Thailand)
Conference location Bangkok, Thailand
Conference dates 25-28 January 2004
Title of proceedings PRRES 2004 : Proceedings of the 10th Annual Conference of the Pacific Rim Real Estate Society 2003
Editor(s) [Unknown]
Publication date 2004
Conference series Pacific Rim Real Estate Society Conference
Publisher Pacific Rim Real Estate Society
Place of publication [Bangkok, Thailand]
Summary The changing nature of residential housing markets is due to a large number of influences, although some factors have a larger effect than others 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 employment. Due to the growing importance between housing affordability and the capacity to meet the cost of living the form of regular mortgage repayments or rent, there are clear links between the cost of housing and the ability to pay for the housing product.

The research investigates the links between residential housing markets as measured by the level of house prices and 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 employment trends. It is assisted by a spatial representation of three shiftshare components and property values with the assistance of a geographical information system (GIS).
Language eng
Field of Research 120503 Housing Markets, Development, Management
150403 Real Estate and Valuation Services
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category E1.1 Full written paper - refereed
Copyright notice ©2004, PRRES
Persistent URL http://hdl.handle.net/10536/DRO/DU:30022355

Document type: Conference Paper
Collections: School of Management and Marketing
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