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.:
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"Assessing High House Prices: Bubbles, Fundamentals, and Misperceptions,"
NBER Working Papers
11643, National Bureau of Economic Research, Inc.
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RBA Research Discussion Papers
rdp2011-03, Reserve Bank of Australia.
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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.
- 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.
- 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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