House price convergence: Evidence from Australian cities

Sefa Awaworyi Churchill, John Inekwe and Kris Ivanovski

Economics Letters, 2018, vol. 170, issue C, 88-90

Abstract: In this paper, we examine the convergence pattern of residential house prices across capital cities of Australian states. We model house prices non-linearly to allow for heterogeneity and transitional dynamics of house prices across Australia. The results obtained in this study reveal that house prices do not converge across the states. One non-convergence and two sub-convergence groups are identified. The sub-convergence group is visible after 2014 period.

Keywords: House prices; Convergence; Australia (search for similar items in EconPapers)
JEL-codes: O18 R31 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:170:y:2018:i:c:p:88-90

DOI: 10.1016/j.econlet.2018.06.004

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