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

International journal of strategic property management, 2013-09, Vol.17 (3), p.263-277 [Peer Reviewed Journal]

Copyright © 2013 Vilnius Gediminas Technical University (VGTU) Press Technika 2013 ;COPYRIGHT 2013 Vilnius Gediminas Technical University ;2013. This work is published under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 1648-715X ;EISSN: 1648-9179 ;DOI: 10.3846/1648715X.2013.822031

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  • Title:
    Spatio-temporal analysis of house price convergence based on a demographical distance
  • Author: Ma, La ; Liu, Chunlu
  • Subjects: Analysis ; Convergence ; Demographical structures ; Demography ; Dwellings ; Economy ; House price convergence ; Housing ; Housing prices ; Panel regression ; Prices and rates ; Spatio-temporal model
  • Is Part Of: International journal of strategic property management, 2013-09, Vol.17 (3), p.263-277
  • Description: 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.
  • Publisher: Vilnius: Vilnius Gediminas Technical University
  • Language: English
  • Identifier: ISSN: 1648-715X
    EISSN: 1648-9179
    DOI: 10.3846/1648715X.2013.822031
  • Source: CEEOL: Open Access
    ProQuest Central
    DOAJ Directory of Open Access Journals
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