Spatio-temporal analysis of house price convergence based on a demographical distance

Ma, Le and Liu, Chunlu 2013, Spatio-temporal analysis of house price convergence based on a demographical distance, International journal of strategic property management, vol. 17, no. 3, pp. 263-277.

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Title Spatio-temporal analysis of house price convergence based on a demographical distance
Author(s) Ma, Le
Liu, Chunlu
Journal name International journal of strategic property management
Volume number 17
Issue number 3
Start page 263
End page 277
Total pages 15
Publisher Vilniu Gediminas Technical University
Place of publication Vilnius, Lithuania
Publication date 2013
ISSN 1648-715X
1648-9179
Keyword(s) spatio-temporal model
demographical structures
panel regression
house price convergence
Summary Convergences of house prices have been studied for over three decades, but yet have been confirmed because of spatial heterogeneity and autocorrelations in house prices. A spatio-temporal approach was recently proposed to address the spatial and temporal issues related to house prices. However, most previous studies placed the focus on the spatial heterogeneity and autocorrelations from geographical locations, which neglected other spatial factors. In order to overcome this shortfall, this research argued a demographical distance, constructed by demographical structure and housing market scales, to investigate the house price convergences in Australian capital cities. The results confirmed the house price levels in Canberra, Brisbane and Perth converged to the house price level in Sydney.
Language eng
Field of Research 120201 Building Construction Management and Project Planning
Socio Economic Objective 870503 Residential Building Management and Services
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2013, Vilniu Gediminas Technical University
Persistent URL http://hdl.handle.net/10536/DRO/DU:30057809

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