Deakin University
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A spatial decomposition approach for investigating house price convergences

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journal contribution
posted on 2014-01-01, 00:00 authored by Le MaLe Ma, Chunlu LiuChunlu Liu
Convergence of house prices indicates how prices are reaching an aggregate equilibrium in a long-run perspective. Identifying the convergence is important for cross-region housing development and investment. Few studies have identified house price convergences at different levels, with spatial effects on house prices predominantly ignored. The research presented here developed a spatial panel regression approach to investigate the convergences of house prices in Australian capital cities. Three hypotheses were tested to identify the level of house price convergence. The results demonstrate that a steady state in a system of regional house prices and spatial effects contribute to the convergence continuing.

History

Journal

Australasian journal of regional studies

Volume

20

Pagination

487-511

Location

Armidale, N.S.W.

Open access

  • Yes

ISSN

1324-0935

Language

eng

Publication classification

C Journal article, C1 Refereed article in a scholarly journal

Copyright notice

2014, ANZRSAI

Issue

3

Publisher

the Australia and New Zealand Regional Science Association International