Professor Shuping Shi from Macquarie University and Professor Peter C. B. Phillips from Yale University launched the housing fever website in May 2020: www.housing-fever.com.
This website provides real-time bubble indicators for housing markets in the eight Australian capital cities and primary New Zealand regions. These indicators provide a direct quantitative measure of the extent of housing fever in these major metropolitan areas. The measures are benchmarked against housing and macroeconomic fundamentals so that they provide a statistical mechanism for assessing the existence and the degree of speculative behaviour in these housing markets.