Abstract
Regional seasonality in Australian house and apartment price returns. Regional Studies. This paper examines regional seasonality in house and apartment price returns across all Australian capital cities from December 1995 to November 2015. The results suggest sizable seasonal effects for the very smallest and very largest regional capitals and that seasonal return variation is more significant for house than apartment returns. Further, the observed month-of-the-year effects have undergone significant changes in almost all cities for both house and apartment returns since the global financial crisis. The discussion offers some reasons for the differences in seasonality between houses and apartments as well as between regions and over time.
| Original language | English |
|---|---|
| Pages (from-to) | 1553-1567 |
| Number of pages | 15 |
| Journal | Regional Studies |
| Volume | 51 |
| Issue number | 10 |
| DOIs | |
| Publication status | Published - 2017 |
Keywords
- Australia
- house and apartment prices
- seasonality
Cite this
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Regional seasonality in Australian house and apartment price returns. / Valadkhani, Abbas; Smyth, Russell; Worthington, Andrew.
In: Regional Studies, Vol. 51, No. 10, 2017, p. 1553-1567.Research output: Contribution to journal › Article › Research › peer-review
TY - JOUR
T1 - Regional seasonality in Australian house and apartment price returns
AU - Valadkhani, Abbas
AU - Smyth, Russell
AU - Worthington, Andrew
PY - 2017
Y1 - 2017
N2 - Regional seasonality in Australian house and apartment price returns. Regional Studies. This paper examines regional seasonality in house and apartment price returns across all Australian capital cities from December 1995 to November 2015. The results suggest sizable seasonal effects for the very smallest and very largest regional capitals and that seasonal return variation is more significant for house than apartment returns. Further, the observed month-of-the-year effects have undergone significant changes in almost all cities for both house and apartment returns since the global financial crisis. The discussion offers some reasons for the differences in seasonality between houses and apartments as well as between regions and over time.
AB - Regional seasonality in Australian house and apartment price returns. Regional Studies. This paper examines regional seasonality in house and apartment price returns across all Australian capital cities from December 1995 to November 2015. The results suggest sizable seasonal effects for the very smallest and very largest regional capitals and that seasonal return variation is more significant for house than apartment returns. Further, the observed month-of-the-year effects have undergone significant changes in almost all cities for both house and apartment returns since the global financial crisis. The discussion offers some reasons for the differences in seasonality between houses and apartments as well as between regions and over time.
KW - Australia
KW - house and apartment prices
KW - seasonality
UR - http://www.scopus.com/inward/record.url?scp=84978517126&partnerID=8YFLogxK
U2 - 10.1080/00343404.2016.1192718
DO - 10.1080/00343404.2016.1192718
M3 - Article
VL - 51
SP - 1553
EP - 1567
JO - Regional Studies
JF - Regional Studies
SN - 0034-3404
IS - 10
ER -