Houses and Apartments in Australia

Tom Rosewall and Michael Shoory
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Tom Rosewall: Reserve Bank of Australia
Michael Shoory: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2017, 1-12

Abstract: Apartments have become an important part of the housing mix in Australia. This has several implications for assessments of residential activity. The lag from a change in monetary policy to the effect on residential activity might increase, because it takes longer to build large apartment buildings than detached houses. Apartment developments use different construction materials and labour, and may face different cost pressures to the detached house segment. They also face different supply-side constraints.

Keywords: houses; apartments; semi-detached; dwelling; housing; construction; housing market; residential activity; dwelling investment; dwelling supply; construction costs; consumer price index; CPI; building approvals; development approval; owner-occupier; investor; planning; approval; developer; development; settlement risk; off-the-plan; pre-sales; greenfield. (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (4)

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