Effects of Immigration on House Price in Australia
- Zhejiang University of Technology China
- Publication Type:
- Conference Proceeding
- Proceedings of the 8th Annual Conference of the Global Chinese Real Estate Congress on New Economy, New-type Urbanization and Sustainable Development in the Real Estate Industry, 2016, 1 (1), pp. 1 - 5 (5)
- Issue Date:
Copyright Clearance Process
- Recently Added
- In Progress
- Closed Access
This item is closed access and not available.
Residential property prices have been increasing rapidly in recent years in Australia. The national stratified median house prices reached to A$701,827 in June quarter 2015 . This paper examines the impacts of Australian migration on house prices for the period of March 1981 – June 2014. The relationships between house prices and immigration are estimated through a single error correction model (ECM). The estimated results suggest that net overseas migration contributed to house price appreciation in Australia. However, employment and supply factors also played major roles.
Please use this identifier to cite or link to this item: