Housing price diffusion pattern of Australia's state capital cities Luo, Zhen Qiang, Liu, Chunlu and Picken, David 2006, Housing price diffusion pattern of Australia's state capital cities, in Proceedings of the Second Megacities International Conference 2006, GuangZhou University, China, pp. 215-221. Attached Files Name Description MIMEType Size Downloads Title Housing price diffusion pattern of Australia's state capital cities Author(s) Luo, Zhen Qiang Liu, Chunlu orcid.org/0000-0003-1144-4355 Picken, David Conference name Megacities. International Conference (2nd : 2006 : GuangZhou, China) Conference location GuangZhou, China Conference dates 1 - 2 December 2006 Title of proceedings Proceedings of the Second Megacities International Conference 2006 Editor(s) Lau, Stephen Publication date 2006 Conference series Megacities International Conference Start page 215 End page 221 Total pages 7 Publisher GuangZhou University Place of publication China Keyword(s) ripple effect house price diffusion regional house prices cointegration Summary The ripple effect of house prices within metropolitan areas has recently been recognised by researchers. However, it is very difficult to formulate and measure this effect using conventional house price theories particularly in consideration of the spatial locations of cities. Based on econometrics principles of the cointegration test and the error correction model, this research develops an innovative approach to quantitatively examine the diffusion patterns of house prices in mega-cities of a country. Taking Australia's eight capital cities as an example, the proposed approach is validated in terms of an empirical study. The results show that a 1-1-2-4 diffusion pattern exists within these cities. Sydney is on the top tier with Melbourne in the second; Perth and Adelaide are in the third level and the other four cities lie on the bottom. This research may be applied to predict the regional housing market behavior in a country. Notes International Journal of Strategic Property Management Language eng Field of Research 150403 Real Estate and Valuation Services Socio Economic Objective 970112 Expanding Knowledge in Built Environment and Design HERDC Research category E1 Full written paper - refereed Persistent URL http://hdl.handle.net/10536/DRO/DU:30009752 Document type: Conference Paper Collections: Faculty of Science, Engineering and Built Environment School of Architecture and Built Environment Related Links Link Description Connect to published version Go to link with your DU access privileges     Link to Related Work Housing price diffusion pattern of Australia's state capital cities (deposited 08-12-2021) GuangZhou University Publisher (deposited 17-10-2011)   Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Mon, 23 Feb 2009, 12:48:47 EST Fri, 12 Jun 2009, 16:32:26 EST Fri, 12 Jun 2009, 16:35:18 EST Mon, 26 Sep 2011, 12:45:23 EST Mon, 26 Sep 2011, 12:46:53 EST Fri, 27 Jan 2012, 12:06:44 EST Thu, 16 Feb 2012, 15:03:26 EST Mon, 03 Jun 2013, 16:52:08 EST Wed, 17 Sep 2014, 18:47:31 EST Fri, 19 Sep 2014, 11:22:24 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 0 times in Scopus Search Google Scholar Access Statistics: 1090 Abstract Views, 3 File Downloads  -  Detailed Statistics Created: Tue, 14 Oct 2008, 07:01:56 EST