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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- Mariano Kulish & Anthony Richards & Christian Gillitzer, 2012.
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- Wing Hsieh & David Norman & David Orsmond, 2012. "Supply-side Issues in the Housing Sector," RBA Bulletin, Reserve Bank of Australia, pages 11-20, September.
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- 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.
- 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.
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- Luci Ellis, 2006. "Housing and Housing Finance: The View from Australia and Beyond," RBA Research Discussion Papers rdp2006-12, Reserve Bank of Australia. Full references (including those not matched with items on IDEAS)
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