Dwelling Prices and Household Income
This 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.
Volume (Year): (2012)
Issue (Month): (December)
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References listed on IDEAS
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.:
- Charles Himmelberg & Christopher Mayer & Todd Sinai, 2005.
"Assessing High House Prices: Bubbles, Fundamentals and Misperceptions,"
Journal of Economic Perspectives,
American Economic Association, vol. 19(4), pages 67-92, Fall.
- Charles P. Himmelberg & Christopher J. Mayer & Todd Sinai, 2005. "Assessing high house prices: bubbles, fundamentals, and misperceptions," Staff Reports 218, Federal Reserve Bank of New York.
- Charles Himmelberg & Christopher Mayer & Todd Sinai, 2005. "Assessing High House Prices: Bubbles, Fundamentals, and Misperceptions," NBER Working Papers 11643, National Bureau of Economic Research, Inc.
- 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.
- Peter Abelson & Demi Chung, 2005. "The Real Story of Housing Prices in Australia from 1970 to 2003," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 38(3), pages 265-281, 09.
- Mariano Kulish & Anthony Richards & Christian Gillitzer, 2012. "Urban Structure and Housing Prices: Some Evidence from Australian Cities," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 303-322, 09.
- Mariano Kulish & Anthony Richards & Christian Gillitzer, 2011. "Urban Structure and Housing Prices: Some Evidence from Australian Cities," RBA Research Discussion Papers rdp2011-03, Reserve Bank of Australia.
- Luci Ellis, 2010. "The Housing Meltdown: Why Did It Happen in the United States?," International Real Estate Review, Asian Real Estate Society, vol. 13(3), pages 351-394.
- Luci Ellis, 2008. "The housing meltdown: Why did it happen in the United States?," BIS Working Papers 259, Bank for International Settlements.
- Luci Ellis, 2006. "Housing and Housing Finance: The View from Australia and Beyond," RBA Research Discussion Papers rdp2006-12, Reserve Bank of Australia.
- Jarkko Jääskelä & Callan Windsor, 2011. "Insights from the Household Expenditure Survey," RBA Bulletin, Reserve Bank of Australia, pages 1-12, December.
- Wing Hsieh & David Norman & David Orsmond, 2012. "Supply-side Issues in the Housing Sector," RBA Bulletin, Reserve Bank of Australia, pages 11-20, September. Full references (including those not matched with items on IDEAS)
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