The Real Story of Housing Prices in Australia from 1970 to 2003

17 Pages Posted: 31 Oct 2005

See all articles by Peter Abelson

Peter Abelson

Macquarie University

Demi Chung

Macquarie University - Department of Economics

Abstract

Despite the popular and public policy interest in housing prices, there have been few reliable published data for housing prices in Australia. In this article we aim to provide an authoritative account of prices for houses and apartments (units) in Australia from 1970 to 2003. Where possible we draw on data from land title offices or on studies that draw on these data, but we also draw on supplementary data in some cases. The first part of the article describes the major data sources of Australian house prices. The main body of the article provides our best estimates of median house and unit prices and real price indices in the capital cities and in the rest of Australia along with explanations for their derivations. We also estimate how improvements in housing quality have influenced real house prices.

Suggested Citation

Abelson, Peter and Chung, Demi, The Real Story of Housing Prices in Australia from 1970 to 2003. Australian Economic Review, Vol. 38, No. 3, pp. 265-281, September 2005, Available at SSRN: https://ssrn.com/abstract=806308

Peter Abelson (Contact Author)

Macquarie University ( email )

North Ryde
Sydney, New South Wales 2109
Australia

Demi Chung

Macquarie University - Department of Economics

Sydney NSW 2109
Australia

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