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Analysing the relationship between new housing supply and residential construction costs with the regional heterogeneities

Liu, Junxiao and London, Kerry 2011, Analysing the relationship between new housing supply and residential construction costs with the regional heterogeneities, Australasian journal of construction economics and building, vol. 11, no. 3, pp. 58-67.

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Title Analysing the relationship between new housing supply and residential construction costs with the regional heterogeneities
Author(s) Liu, Junxiao
London, Kerry
Journal name Australasian journal of construction economics and building
Volume number 11
Issue number 3
Start page 58
End page 67
Publisher Australian Institute of Quantity Surveyors
Place of publication Deakin West, A. C. T.
Publication date 2011
ISSN 1835-6354
1837-9133
Keyword(s) new housing supply
residential construction costs
regional heterogeneities
Summary New housing supply in Australia has been experiencing a low rate of increase in conjunction with a dramatic increase in residential construction costs since the 1990s. This study aims to estimate the relationship between new housing supply and residential construction costs with the regional heterogeneities. Based on a panel error correction model, it can be identified that there is a causal link as well as a significant correlation between new housing supply and construction costs in the Australian sub-national housing construction markets. The model developed in this research assists policy makers to better understand the nature of the supply side of the housing sector and then enact appropriate policies to improve the new housing supply in Australia.
Language eng
Field of Research 129999 Built Environment and Design not elsewhere classified
Socio Economic Objective 870104 Residential Construction Planning
HERDC Research category C1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30040577

Document type: Journal Article
Collection: School of Architecture and Built Environment
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