Dwelling Prices and Household Income
AbstractThis article analyses trends in dwelling prices over the past four decades through the prism of the price-to-income ratio. Exactly which measures of dwelling prices and household income are the most appropriate depends on the question being analysed, but the various measures considered here all show broadly similar trends. Comparing equivalently defined price-to-income ratios across countries, Australia’s experience appears to be broadly in line with those of other advanced economies, with the exception of the United States and Japan which both have particularly low ratios.
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Bibliographic InfoArticle provided by Reserve Bank of Australia in its journal RBA Bulletin.
Volume (Year): (2012)
Issue (Month): (December)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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NBER Working Papers
11643, National Bureau of Economic Research, Inc.
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The Economic Record,
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- Luci Ellis, 2008. "The housing meltdown: Why did it happen in the United States?," BIS Working Papers 259, Bank for International Settlements.
- Jarkko Jääskelä & Callan Windsor, 2011. "Insights from the Household Expenditure Survey," RBA Bulletin, Reserve Bank of Australia, pages 1-12, December.
- Rayna Brown & Rob Brown & Ian O’Connor & Gregory Schwann & Callum Scott, 2011. "The Other Side of Housing Affordability: The User Cost of Housing in Australia," The Economic Record, The Economic Society of Australia, vol. 87(279), pages 558-574, December.
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