House price convergence: Evidence from Australian cities
SA Churchill, J Inekwe, K Ivanovski - Economics Letters, 2018 - Elsevier
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.
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.
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