Dwelling Prices and Household Income

Ryan Fox and Richard Finlay
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Ryan Fox: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2012, 13-22

Abstract: 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.

Keywords: dwelling prices; price-to-income ratio; international comparison; housing market (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (6)

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