Academic literature on the topic 'Housing Prices Victoria Melbourne'
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Journal articles on the topic "Housing Prices Victoria Melbourne"
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Reed, Richard. "The relationship between house prices and demographic variables." International Journal of Housing Markets and Analysis 9, no. 4 (October 3, 2016): 520–37. http://dx.doi.org/10.1108/ijhma-02-2016-0013.
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Purpose The process for examining the value of house prices in an urban city has given limited attention, if any, to demographic variables associated with urban geography. Although the disciplines of property/real estate and demography have moved closer, little progress has been made when modelling house prices using population-related data in the field of urban geography to explain the level of house prices. Design/methodology/approach This paper proposes an innovative model to examine the influence of population variables on the level of house prices. It used a two-stage approach as follows: principal components analysis (PCA) identified social dimensions from a range of demographic variables, which were then retained for further analysis. This information was sourced from two Australian Bureau of Statistics censuses undertaken involving all Melbourne residents during 1996, 2001, 2006 and 2011; multiple regression analysis examined the relationship between the retained factor scores from the PCA (as independent variables) and established residential house prices (as the dependent variable). Findings The findings confirm the demographic profile of each household, which is directly related to their decisions about housing location and house prices. Based on a case study of Melbourne, Victoria, it was demonstrated that households with specific demographic characteristics are closely related to a certain level of house prices at the suburban level. Originality/value This is an innovative study which has not been previously undertaken for an extended period of time to facilitate an analysis of change over time.
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Chong, Fennee. "Housing Price and Interest Rate Hike: A Tale of Five Cities in Australia." Journal of Risk and Financial Management 16, no. 2 (January 18, 2023): 61. http://dx.doi.org/10.3390/jrfm16020061.
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Australian housing prices are reported to be overvalued and unaffordable for the past two decades. Many researchers and practitioners have attributed the persistent growth in housing prices to the prolonged period of low borrowing costs. However, due to inflationary pressure, the Central Bank has raised its cash rate consecutively in recent months. This paper aims to examine whether interest rate rises affect housing price in different parts of Australia. Evidence generated from the analysis reported bipolar results between the large and smaller cities, whereby housing prices in Sydney and Melbourne show a significant negative relationship with interest rate changes while Brisbane and the Gold Coast and Perth and Adelaide, respectively, are showing negative but insignificant results during the study period. Short-run trend projections on housing prices indicate that Sydney, Melbourne, Brisbane and the Gold Coast are on a downward trend while Adelaide and Perth will maintain its current momentum before plateauing out later next year. Likewise, control variables, such as oil prices, inflation rate and stock market performance, are found to be related to housing prices in larger cities only. These findings have implications on housing policy, house purchase decisions and investment portfolio management strategy.
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Jessup, Brad. "Trajectories of Environmental Justice: From Histories to Futures and the Victorian Environmental Justice Agenda." Victoria University Law and Justice Journal 7, no. 1 (June 11, 2018): 48–65. http://dx.doi.org/10.15209/vulj.v7i1.1043.
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Before the last state election, the current Victorian government promised from opposition to develop an Environmental Justice Plan if elected. It acknowledged international best practice as a benchmark for such a plan, though it did not recognise the legacy of environmental justice activism and scholarship locally. With the plan still in progress, this article considers the global histories and future directions of environmental justice and a literature-based framework for curating a Victorian plan. It breaks with the common understanding, including that held by government bureaucrats in Victoria, of environmental justice emerging from the United States in the 1980s. The article situates Victoria within that past, the current and future of the concept of environmental justice. Two notable recent legal events affirm the need for, and suggest the shape of, a Victorian environmental justice approach – the housing estate gas leak in outer suburban Melbourne and the Hazelwood coal mine fire in regional Victoria.
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Ma, Le, and Chunlu Liu. "International Real Estate Review." International Real Estate Review 18, no. 4 (December 31, 2015): 503–21. http://dx.doi.org/10.53383/100211.
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In order to explore the long-run equilibrium in the house prices of different cities, studies on house price convergence have been conducted by a number of researchers. However, the majority of previous studies have neglected the effects of spatial heterogeneity and autocorrelation on house prices. This research improves on the investigation of house price convergence by developing a spatio-temporal autoregressive model based on a framework of panel regression methods. Both spatial heterogeneity and autocorrelation of house prices in different cities are taken into account. Geographical distance and the scale of development of the urban housing market are used to construct temporal varying spatial measurements. The spatio-temporal model is then applied to investigate the long-run equilibrium in the house prices of Australian capital cities. The results confirm that house prices in Sydney approach a steady state in the long run, whereas house prices in Brisbane, Canberra, Melbourne and Perth are able to do with lower confidence. However, little evidence supports the existence of long-run equilibrium in the house prices of Adelaide, Darwin and Hobart.
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Hulse, Kath, and Margaret Reynolds. "Investification: Financialisation of housing markets and persistence of suburban socio-economic disadvantage." Urban Studies 55, no. 8 (November 9, 2017): 1655–71. http://dx.doi.org/10.1177/0042098017734995.
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The relationship between urban housing markets and spatial patterns of socio-economic disadvantage has fascinated urban scholars for decades. The gentrification and subsequently suburbanisation of disadvantage literatures have explained how housing markets are both a driver, and outcome, of changes in the socio-economic composition of urban areas, albeit focusing mainly on owner occupation and social housing. In the 2000s, research into the financialisation of housing finds increased household-level investment in private rented housing as an important contemporary driver of housing markets. Based on a detailed study of Melbourne (Australia) in 2001–2011, the article identifies established suburbs of persistent population socio-economic disadvantage, which were characterised by sale prices and rents increasing above citywide rates in 2001–2011 and a disproportionate increase in private rented housing. The article offers a new concept of investification to explain a process whereby disproportionately high levels of household investor purchases in disadvantaged suburbs contribute to higher prices/rents and to the persistence of socio-economic disadvantage, as properties are rented on the private market to low socio-economic households, indicating replacement rather than displacement. Connecting with research on the financialisation of housing through the concept of ‘investification’ can provide a more nuanced understanding of the relationship between contemporary housing market change and the geography of suburban disadvantage in the Australian context. The concept is likely to be of broader significance given the recent increase in Buy-to-Let activity in countries such as the UK, opening up new research questions on the interrelationship between households as investors and consumers and the geography of urban disadvantage.
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Badcock, B. A. "Adelaide's Heart Transplant, 1970–88: 2. The ‘Transfer’ of Value within the Housing Market." Environment and Planning A: Economy and Space 24, no. 3 (March 1992): 323–39. http://dx.doi.org/10.1068/a240323.
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Regression analysis is used to examine the interaction of a number of processes that are thought to be responsible for the geographical transfer of value within the built environment. These are derived from an account by Smith of the restructuring of urban space. The ‘transfer’ of value is imputed from the differential movement of house prices between 1970 and 1988 for geographical submarkets within the Adelaide Metropolitan Area. Although the interpretation of the regression models is complicated, the evidence for a tilting of the ‘value transfer’ gradient from an inner-outer bias, to an outer—inner bias, can be statistically inferred from the processes of restructuring that have redirected capital flows within the built environment of Australian cities such as Adelaide, Sydney, and Melbourne in the course of the last two decades. Thus the uneven capital formation that characterises urban restructuring and is ultimately capitalised into real changes in house prices is a significant source of the added wealth that is accumulated from homeownership. By this means it is possible to bridge the two ‘islands’ of theory: Smith's account of urban restructuring and Saunders's concern with the sources of wealth accumulation within the housing market.
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Luo, Zhen Qiang, Chunlu Liu, and David Picken. "HOUSING PRICE DIFFUSION PATTERN OF AUSTRALIA'S STATE CAPITAL CITIES." International Journal of Strategic Property Management 11, no. 4 (December 31, 2007): 227–42. http://dx.doi.org/10.3846/1648715x.2007.9637571.
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The ripple effect of house prices within metropolitan areas has recently been recognised by researchers. However, it is very difficult to formulate and measure this effect using conventional house price theories particularly in consideration of the spatial locations of cities. Based on econometrics principles of the cointegration test and the error correction model, this research develops an innovative approach to quantitatively examine the diffusion patterns of house prices in mega‐cities of a country. Taking Australia's eight capital cities as an example, the proposed approach is validated in terms of an empirical study. The results show that a 1–1–2–4 diffusion pattern exists within these cities. Sydney is on the top tier with Melbourne in the second; Perth and Adelaide are in the third level and the other four cities lie on the bottom. This research may be applied to predict the regional housing market behavior in a country. Būsto kainų pasiskirstymo struktūra Australijos valstijų sostinėse Santrauka Neseniai mokslininkai nustatė, kad didmiesčiuose būsto kainos veikia vienos kitas (angl. ripple effect). Tačiau ši poveiki itin sunku suformuluoti ir išmatuoti pasitelkus įprastas būsto kainų teorijas, ypač įvertinant teritorini miestu išsidėstymą. Remiantis ekonometrijos principais, tokiais kaip kointegracijos analize ir klaidu taisymo modelis, šiame tyrime sukurtas novatoriškas būdas, kaip kiekybiškai tyrinėti būsto kainų pasiskirstymo struktūras šalies didmiesčiuose. Kaip pavyzdį pasirinkus aštuonias Australijos valstijų sostines, siūlomas būdas patvirtinamas empiriniu tyrimu. Rezultatai rodo, kad šiu miestu pasiskirstymo struktūra yra 1–1–2–4. Sidnėjus užima aukščiausia pakopa, o Melburnas yra antrasis. Pertui ir Adelaidei tenka trečioji pakopa, o kiti keturi miestai yra žemiausiai. Šiuo tyrimu galima remtis prognozuojant regionines būsto rinkos elgsena kitose šalyse.
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Thorns, D. C. "New Solutions to Old Problems: Housing Affordability and Access within Australia and New Zealand." Environment and Planning A: Economy and Space 20, no. 1 (January 1988): 71–82. http://dx.doi.org/10.1068/a200071.
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During the 1970s and 1980s the Australian and New Zealand economies have been passing through a period of restructuring. This has had important impacts upon the housing sector, leading to rises in house and land prices, in interest rates, and therefore in the costs of house purchase. Under these conditions a new agenda of housing issues has appeared concerning the affordability of housing and the continued access of modest and lower income households to the dominant form of tenure, owner-occupation. The 1980s saw the election of Labour governments committed to action in the area of housing. However, somewhat paradoxically, both in Australia and in New Zealand the policies pursued have been those of deregulation to produce a more competitive financial market. To preserve access to housing, new mortgage schemes have been designed. Two such schemes, the Capital Loan Scheme of Victoria and New Zealand's Equity Share Scheme are evaluated in the paper to show the nature of the adopted policy-response. The article is concluded with the demonstration of the limitations of such policy-based solutions to what are macroeconomic problems which are produced by moving towards an economic and social policy shaped by market monetarism.
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Ma, Le, Henry Liu, and Michael Sing. "Responsiveness of residential construction-production progress to house price dynamics." International Journal of Housing Markets and Analysis 14, no. 4 (January 25, 2021): 796–814. http://dx.doi.org/10.1108/ijhma-05-2020-0052.
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Purpose This study aims to address the gap by empirically exploring how residential construction-production progress, which includes project commencement, under-construction and project completion, responds dynamically to fluctuations in house prices. Design/methodology/approach A vector autoregressive model and an impulse response function are applied to simulate and analyse the circle of the stage-responsiveness of residential construction to residential property price dynamics in the state of Victoria, Australia. The quarterly numbers of dwelling units commenced, under-construction and completed are used as the proxy for the residential construction activities at three stages over the construction progress. Findings The analysis indicates that the dynamics are essentially transmitted throughout the construction process and can substantially impact the pace of production progress. The findings from this study provide an empirical base that should be useful in developing price-elasticity and production theories applicable to the context of residential property construction. Research limitations/implications The findings described above have been generated basically by examining the case of Victoria, Australia at a macro level. The generalisation of the research output needs to be verified further by future researchers using data collected from other regions/countries. Nevertheless, the reliability of the conclusions with particular practical implications can be substantially improved by future researchers by analysing more markets and production proxies at the activity level. Practical implications Based on new empirical findings, this research argues that building activity (i.e. under construction) played as a gateway between the construction and housing sectors, via which the inter-responsiveness of the housing supply in terms of construction activities and housing prices are transmitted. Originality/value This research firstly attempts to explore the inter-responsiveness between the real estate and construction sectors. A simulated circle of the stage-responsiveness of residential construction to residential property price dynamics is proposed, which can serve as a significant foundation for developing the theory of construction production.
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Campbell, Susan. "So long as it's near water: variable roosting behaviour of the large-footed myotis (Myotis macropus)." Australian Journal of Zoology 57, no. 2 (2009): 89. http://dx.doi.org/10.1071/zo09006.
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The choice of day roosts by microbats influences energetics, social interactions and breeding success. In Australia, the large-footed myotis (Myotis macropus) is dependent on waterways for foraging. However, the extent to which the species relies upon, and selects roosts within, riparian habitat is unknown. I studied the roosting behaviour of this species around a water reservoir near Melbourne, Victoria, during the summers from October 2002 to April 2005. I radio-tracked 31 bats to 17 tree roosts; colony size averaged 6.0 ± 1.6 bats and individuals used 1.3 ± 0.1 roosts during the tracking period (average 6.2 ± 0.6 days). Two roosts were also located in crevices in an old aqueduct tunnel, housing colonies of 10.8 ± 0.6 bats. Colonies emerged earlier from tunnel crevices (25.0 ± 3.6 min after sunset, range 6–53 min), compared with conspecifics in tree roosts (45.6 ± 2.1 min after sunset, range 10–83 min). Roost trees and cavities differed from available habitat trees and cavities in terms of smaller entrance areas to used (182.2 ± 49.3 cm2) versus unused (328.0 ± 61.8 cm2) cavities. The primary force driving roost selection by M. macropus appears to be proximity of suitable waterways for foraging. Retention and maintenance of extensive riparian habitat, as well as the preservation of other structures used for roosting, are the most important conservation strategies for management of the day-roosting habitat of M. macropus.
Dissertations / Theses on the topic "Housing Prices Victoria Melbourne"
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O'Hanlon, Seamus. "Home together, home apart : boarding house, hostel and flat life in Melbourne, c1900-1940." Monash University, Dept. of History, 1999. http://arrow.monash.edu.au/hdl/1959.1/8568.
Full textBooks on the topic "Housing Prices Victoria Melbourne"
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Lusht, Kenneth M. A comparison of house prices brought by English auctions and private negotiations in Melbourne. Canberra, ACT: Urban Research Program, Research School of Social Sciences, Australian National University, 1993.
Find full textBook chapters on the topic "Housing Prices Victoria Melbourne"
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Sydes, Michelle, and Rebecca Wickes. "The Land of the ‘Fair Go’? Mapping Income Inequality and Socioeconomic Segregation Across Melbourne Neighbourhoods." In The Urban Book Series, 229–46. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-64569-4_12.
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AbstractDespite enduring political rhetoric that promotes Australia as ‘the lucky country’ and ‘the land of the fair go’, recent decades have seen a noticeable increase in levels of income inequality. This growing economic divide has driven housing prices up and left lower-income families unable to access the housing market in inner-city locations. In contrast to other countries, Australia’s socioeconomic segregation does not overlap with ethnic segregation. Australia’s highly regulated immigration program has resulted in a relatively well-educated and employable foreign-born population who largely reside in middle-income neighbourhoods. These particularities make Australia an interesting context to explore patterns of socioeconomic segregation over time. In this chapter, we will utilise both traditional measures of segregation (such as the dissimilarity index) as well more spatialised measures (such as location quotients and Local Morans I) to assess socioeconomic segregation at the local level. Drawing on four waves of census data (2001, 2006, 2011 and 2016), we explore how socioeconomic segregation has changed over time across nearly 500 neighbourhoods in Melbourne. We further examine the degree to which socioeconomic segregation aligns with ethnic segregation patterns and levels in this city. We find patterns of socioeconomic segregation remain relatively unchanging over time in Melbourne. Additionally, our findings highlight important differences in patterns and levels of socioeconomic and ethnic segregation in the Australian context.
Conference papers on the topic "Housing Prices Victoria Melbourne"
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Telford, Elsie, Akari Nakai Kidd, and Ursula de Jong. "Beyond the 1968 Battle between Housing Commission, Victoria, and the Residential Associations: Uncovering the Ultra Positions of Melbourne Social Housing." In The 38th Annual Conference of the Society of Architectural Historians Australia and New Zealand. online: SAHANZ, 2022. http://dx.doi.org/10.55939/a4022pplql.
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In 1968, the Housing Commission, Victoria, built a series of high-rise towers in response to an identified metropolitan planning issue: urban sprawl and the outward growth of metropolitan Melbourne. This “solution” precipitated a crisis in urban identity. The construction of the first of a series of these modern high-rise towers at Debney Park Estate, Carlton and Park Towers, South Melbourne displaced significant immigrant communities. This became the impetus for the formation of Residential Associations who perceived this project a major threat to existing cultural values pertaining to social and built heritage. This paper examines the extremely polarising events and the positions of both the Housing Commission and the Residential Associations over the course of fifteen years from 1968. The research is grounded in an historical review of government papers and statements surrounding the social housing towers, as well as scholarly articles, including information gathered by Renate Howe and the Urban Activists Project (UAP, 2003-2004). The historical review contextualises the dramatically vocal and well-publicised positions of the Residential Associations and the Housing Commission by reference to the wider social circumstances and the views of displaced community groups. Looking beyond the drama of the heated debate sparked by this crisis, the paper exposes nuances within the positions, investigates the specifics of the lesser known opinions of displaced residents and seeks to re-evaluate the influence of the towers on the establishment of an inner urban community identity.