Ripple effect in house price fluctuations in Australia
thesis
posted on 2007-01-01, 00:00authored byZhen Qiang. Luo
The differences in economy, society, demography and geography in different regions are main reasons which cause disparities in regional house prices. Three theories, namely ripple effect hypothesis, convergence and efficient market hypothesis, are used to examine price fluctuations in spatial dimension amongst eight housing markets in Australian state capital cities.