Real estate is widely considered as a reliable hedge of inflation rate and there have been many literatures examining the inflation-hedging characteristics of the real estate. The study described in the paper focuses on testing the significances of impacts of consumer price on house price in eight Australia's capital cities. The Autoregressive Distributed Lag model is introduced to obtain the estimates of the coefficient. The significances of the impacts are defined as the accept probability of t statistics of the coefficients. Analyses and comparisons of these significances suggested that the impacts of consumer prices on house prices depend on the inherent characteristics of cities.
History
Pagination
1-16
Location
Gold Coast, Queensland
Start date
2008-09-30
End date
2008-10-04
ISBN-13
9780959180640
Language
eng
Publication classification
E1 Full written paper - refereed
Copyright notice
2008, ACE
Title of proceedings
ACE 2008 : Proceedings of the 37th Australian Conference of Economists
Event
Australian Conference of Economists (37th : 2008 : Gold Coast, Queensland)