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dc.contributor.advisorSelvanathan, Saroja
dc.contributor.authorMikhailitchenko, Serguei
dc.date.accessioned2018-01-23T02:21:31Z
dc.date.available2018-01-23T02:21:31Z
dc.date.issued2008
dc.identifier.doi10.25904/1912/1168
dc.identifier.urihttp://hdl.handle.net/10072/365673
dc.description.abstractThis study was motivated by the desire to contribute to the understanding of the movement of house prices and the role of the so-called economic ‘fundamentals’ in the housing market, especially within an Australian context. The core objective of this thesis is to aid understanding of the economic and other mechanisms by which the Australian housing market operates. We do this by constructing an analytical framework, or model, that encompasses the most important characteristics of the housing market. This thesis examines two important aspects of the Australian housing market: movements of house prices and changes in the net capital stock of dwellings in Australia. Movements of house prices are modelled from two perspectives: firstly, using the ‘fundamental’ approach, which explains the phenomena by changes in such ‘fundamental’ explanatory variables as income, interest rates, population and prices of building materials, and secondly, by analysing spatial interdependence of house prices in Australian capital cities. Changes in stock of dwellings were also modelled on the basis of a ‘fundamental’ approach by states and for Australia as a whole.
dc.languageEnglish
dc.publisherGriffith University
dc.publisher.placeBrisbane
dc.rights.copyrightThe author owns the copyright in this thesis, unless stated otherwise.
dc.subject.keywordsAustralian housing market
dc.subject.keywordsprice dynamics
dc.subject.keywordscapital stock growth
dc.subject.keywordshousing market
dc.subject.keywordsAustralia
dc.subject.keywordserror-correction mechanism
dc.subject.keywordsECM
dc.titleThe Australian Housing Market: Price Dynamics and Capital Stock Growth
dc.typeGriffith thesis
gro.facultyGriffith Business School
gro.rights.copyrightThe author owns the copyright in this thesis, unless stated otherwise.
gro.hasfulltextFull Text
dc.contributor.otheradvisorSing, Tarlock
dc.contributor.otheradvisorSelvanathan, Anthony
dc.rights.accessRightsPublic
gro.identifier.gurtIDgu1316042495118
gro.identifier.ADTnumberadt-QGU20100729.074134
gro.source.ADTshelfnoADT0772
gro.thesis.degreelevelThesis (PhD Doctorate)
gro.thesis.degreeprogramDoctor of Philosophy (PhD)
gro.departmentDepartment of Accounting, Finance and Economics
gro.griffith.authorMikhailitchenko, Serguei


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