Assessing the Risk of Real-Estate Trends to the Australian Economy

I will develop a measure of risk present in the national real-estate markets of Australia and its main trading partners, and assess the exposure of the Australian economy to such risks. New methodology will be applied to investigate how housing risks form and migrate across countries and over time. This methodology is intended to be employed as part of a market stability surveillance program and for assessing the impact of real-estate risk on the overall economy. Early detection of housing bubbles and the quantification of associated risks will be beneficial to policy makers, the real-estate industry and ultimately home buyers.