Population Ageing and House Prices in Australia

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Title Population Ageing and House Prices in Australia
Author Guest, Ross; Swift, Robyn Frances
Journal Name The Australian Economic Review
Year Published 2010
Place of publication Australia
Publisher Wiley-Blackwell Publishing Asia
Abstract This article assesses the effect of population ageing on housing consumption and house prices. Using two approaches, this article finds that the ageing of the population may cause average real house prices to be between 3 and 27 per cent lower than they otherwise would be over the period 2008–2050. The first approach is an econometric estimation of house prices for Australia over the period 1980–2008. The second approach is a simulation of a life cycle-optimising model with representative overlapping generations.
Peer Reviewed Yes
Published Yes
Alternative URI http://dx.doi.org/10.1111/j.1467-8462.2010.00586.x
Volume 43
Issue Number 3
Page from 240
Page to 253
ISSN 0004-9018
Date Accessioned 2010-12-07
Date Available 2011-01-27T06:46:17Z
Language en_AU
Research Centre Griffith Asia Institute
Faculty Griffith Business School
Subject Applied Economics
URI http://hdl.handle.net/10072/35835
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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