Author: Dr John S Croucher
Publisher: Generis Publishing
ISBN: 9781639022595
Category :
Languages : en
Pages : 50
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Book Description
In 2021, Australia's pandemic property market experienced the fastest annual pace of growth since 1989. This book is a rigorous study of prior housing bubbles in Australia, incorporating analysis of the pre-pandemic housing boom starting in 2012. It includes a discussion of how best to balance monetary policy, fiscal policy and macroeconomic policy to optimize the steady and stable growth of the Australian housing market, and reconsiders policy implications including related and complementary policies such as affordability schemes and construction incentives as well as the involvement of industries associated with the property.
Author: Dirk G. Baur
Publisher:
ISBN:
Category :
Languages : en
Pages : 40
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Book Description
This paper analyzes the evolution of Australian property prices, the relationships between cities, houses and units, the stock market and monetary policy. Using monthly house and unit prices for all eight capital cities we identify extended periods of explosive positive price changes followed by comparatively small corrections and no crashes. A comparison with Australian equity prices further reveals that the average risk and return are more favorable in the housing market emphasizing fundamental differences of the two markets such as liquidity and short-sale constraints. We also find evidence for financial contagion from the equity market to the housing market. A Vector Autoregression (VAR) shows that house price changes have a relatively strong effect on cash rate changes and thus monetary policy. The relative stability of Australian property prices over the last 20 years suggests that policy makers played a role by providing an accommodating environment.
Author: John Lindeman
Publisher: John Wiley & Sons
ISBN: 1742468543
Category : Business & Economics
Languages : en
Pages : 191
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Book Description
Wanting to invest in property but don't know where or what to buy? Feeling overwhelmed by all the property market information that's available? In Mastering the Australian Housing Market property expert John Lindeman provides the information and tools you need to invest with confidence, explaining when to buy, where to buy and what to pay. He also shares some invaluable truths that will help you avoid the mistakes may investors make and get the best people results from your investments. Inside you'll discover: how the Australian housing market works how to test the information you heard about the market where to buy for high capital growth and rental returns techniques and tools to estimate property values and predict expected returns the best time to buy and sell. Easy-to-understand case studies show you how to undertake your own market analysis, using data that is freely available. Mastering the Australian Housing Market is a must-read for anyone looking to succeed on their property investment journey.
Author: Lindsay David
Publisher: CreateSpace
ISBN: 9781497503861
Category : Business & Economics
Languages : en
Pages : 228
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Book Description
Australia: Boom to Bust dives deeply into the plausible collapse of the "Three Pillars" of the Australian economy: Banks, Natural Resources and Real Estate. Lindsay David provides commentary on the state of the Australian economy and identifies major defects in the structures of the Three Pillars. Toxic levels of private sector debt sponsored by Australia's largest banks has managed to flood already-inflated asset classes of the Pillars on the back of a once-in-a-lifetime construction boom and property bubble in China. Suggests that the Australian economy has lost touch with reality and has gambled away its banking system to propel the mining and property markets into unchartered waters.
Author: Steve Keen
Publisher: John Wiley & Sons
ISBN: 1509513760
Category : Political Science
Languages : en
Pages : 140
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Book Description
The Great Financial Crash had cataclysmic effects on the global economy, and took conventional economists completely by surprise. Many leading commentators declared shortly before the crisis that the magical recipe for eternal stability had been found. Less than a year later, the biggest economic crisis since the Great Depression erupted. In this explosive book, Steve Keen, one of the very few economists who anticipated the crash, shows why the self-declared experts were wrong and how ever–rising levels of private debt make another financial crisis almost inevitable unless politicians tackle the real dynamics causing financial instability. He also identifies the economies that have become 'The Walking Dead of Debt', and those that are next in line – including Australia, Belgium, China, Canada and South Korea. A major intervention by a fearlessly iconoclastic figure, this book is essential reading for anyone who wants to understand the true nature of the global economic system.
Author: Lawrence Roberts
Publisher: Monterey Cypress LLC
ISBN: 0615226930
Category : Art
Languages : en
Pages : 251
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Book Description
A detailed analysis of the psychological and mechanical causes of the biggest rally, and subsequent fall, of housing prices ever recorded. Examines the causes of the breathtaking rise in prices and the catastrophic fall that ensued to answer the question on every homeowner's mind: "Why did house prices fall?"--Page 4 of cover
Author: William Quinn
Publisher: Cambridge University Press
ISBN: 1108369359
Category : Business & Economics
Languages : en
Pages : 297
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Book Description
Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks.
Author: Rena Mourouzi-Sivitanidou
Publisher: Routledge
ISBN: 100006316X
Category : Architecture
Languages : en
Pages : 524
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Book Description
Market Analysis for Real Estate is a comprehensive introduction to how real estate markets work and the analytical tools and techniques that can be used to identify and interpret market signals. The markets for space and varied property assets, including residential, office, retail, and industrial, are presented, analyzed, and integrated into a complete understanding of the role of real estate markets within the workings of contemporary urban economies. Unlike other books on market analysis, the economic and financial theory in this book is rigorous and well integrated with the specifics of the real estate market. Furthermore, it is thoroughly explained as it assumes no previous coursework in economics or finance on the part of the reader. The theoretical discussion is backed up with numerous real estate case study examples and problems, which are presented throughout the text to assist both student and teacher. Including discussion questions, exercises, several web links, and online slides, this textbook is suitable for use on a variety of degree programs in real estate, finance, business, planning, and economics at undergraduate and MSc/MBA level. It is also a useful primer for professionals in these disciplines.
Author: Philip Ji
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
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Book Description
Using recently developed econometric procedures (Phillips, Wu and Yu, 2011; Phillips, Shi and Yu, 2015), we find evidence of temporary episodes of explosive behaviour in price-to-rent ratios for established houses, in five of Australia's largest cities. One interpretation of our results is that stochastic, rational bubbles were a feature of Australia's major housing markets; particularly during the early to mid-2000s. However, further analysis of each city's price-to-rent ratio indicates a very different pattern of behaviour in Sydney and Perth to that experienced in Brisbane, Adelaide and Canberra. For the latter three cities, we present evidence suggesting the explosive root tests are likely capturing the effects of a one-time structural break in their respective price-to-rent ratios. In any event, based on the estimated timing of the explosive episodes in Australia's housing markets, there is little evidence that what might be identified as house price bubbles had any important negative consequences for the wider economy. Despite the ability of the econometric procedures to provide a real-time signal of explosive behaviour, results from Australian housing markets, suggest policymakers need to be cautious in responding too aggressively to a positive signal from the tests.
Author: William Curt Hunter
Publisher: MIT Press
ISBN: 9780262582537
Category : Business & Economics
Languages : en
Pages : 650
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Book Description
A study of asset price bubbles and the implications for preventing financial instability.
