A History of Housing Prices in Australia 1880-2010
UNSW Australia Business School, School of Economics
November 18, 2010
UNSW Australian School of Business Research Paper No. 2010 ECON 18
This paper introduces series of house and land prices for Australia’s major capital cities for the period 1880-1970 which, spliced to modern data, give series spanning 1880-2010. The broad trends in prices for houses, land and rents highlight no significant movement in real prices for the first seventy years followed by a persistent and significant trend rise in prices. Cycles in house prices and housing activity played a major part in each of the seven major economic cycles in this period, the first associated with the 1880s boom/1890s depression and finishing with a major cycle which commenced in the mid-1990s.
Number of Pages in PDF File: 29
Keywords: Australia, House Prices, Land Prices, Gross Dwelling Rents, Price and Rent Controls, Housing Cycles, Economic Cycles
JEL Classification: G12, N97, R21, R31, R38Accepted Paper Series
Date posted: November 19, 2010
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