The Effect of Foreign Demand on Residential Property Prices: Evidence from Australia

被引：1
|
作者：
Wokker, Chris [1 ]
Swieringa, John [1 ]
机构：
[1] Australian Treasury, Parkes, ACT 2600, Australia
来源：
AUSTRALIAN ECONOMIC REVIEW | 2020年 / 53卷 / 01期
关键词：
REAL-ESTATE INVESTMENT;
D O I：
10.1111/1467-8462.12346
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study estimates the impact of foreign demand for Australian residential real estate on property prices. Using postcode-level administrative data and fixed-effects regression techniques we find a positive relationship between foreign investment approvals and price growth. Our analysis suggests that, on average, foreign investment contributed between $80 and $122 to quarterly price growth in Sydney and Melbourne between July 2010 and March 2015. This is a small proportion of the increase in property prices over the period.
引用
收藏
页码：35 / 49
页数：15
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