House price convergence: Evidence from Australian cities

Sefa Awaworyi Churchill; John Inekwe; Kris Ivanovski

doi:10.1016/j.econlet.2018.06.004

House price convergence: Evidence from Australian cities

Sefa Awaworyi Churchill^*, John Inekwe, Kris Ivanovski

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

18 Citations (Scopus)

Abstract

In this paper, we examine the convergence pattern of residential house prices across capital cities of Australian states. We model house prices non-linearly to allow for heterogeneity and transitional dynamics of house prices across Australia. The results obtained in this study reveal that house prices do not converge across the states. One non-convergence and two sub-convergence groups are identified. The sub-convergence group is visible after 2014 period.

Original language	English
Pages (from-to)	88-90
Number of pages	3
Journal	Economics Letters
Volume	170
DOIs	https://doi.org/10.1016/j.econlet.2018.06.004
Publication status	Published - 1 Sep 2018

Keywords

Australia
Convergence
House prices

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10.1016/j.econlet.2018.06.004

Cite this

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title = "House price convergence: Evidence from Australian cities",

abstract = "In this paper, we examine the convergence pattern of residential house prices across capital cities of Australian states. We model house prices non-linearly to allow for heterogeneity and transitional dynamics of house prices across Australia. The results obtained in this study reveal that house prices do not converge across the states. One non-convergence and two sub-convergence groups are identified. The sub-convergence group is visible after 2014 period.",

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N2 - In this paper, we examine the convergence pattern of residential house prices across capital cities of Australian states. We model house prices non-linearly to allow for heterogeneity and transitional dynamics of house prices across Australia. The results obtained in this study reveal that house prices do not converge across the states. One non-convergence and two sub-convergence groups are identified. The sub-convergence group is visible after 2014 period.

AB - In this paper, we examine the convergence pattern of residential house prices across capital cities of Australian states. We model house prices non-linearly to allow for heterogeneity and transitional dynamics of house prices across Australia. The results obtained in this study reveal that house prices do not converge across the states. One non-convergence and two sub-convergence groups are identified. The sub-convergence group is visible after 2014 period.

KW - Australia

KW - Convergence

KW - House prices

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JF - Economics Letters

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House price convergence: Evidence from Australian cities

Abstract

Keywords

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