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  • akimov et al 2015 housing

    Rights statement: The final, definitive version of this article has been published in the Journal, Urban Studies, 52 (9), 2015, © SAGE Publications Ltd, 2015 by SAGE Publications Ltd at the Urban Studies page: http://usj.sagepub.com/ on SAGE Journals Online: http://online.sagepub.com/

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Synchronisation and commonalities in metropolitan housing market cycles

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<mark>Journal publication date</mark>07/2015
<mark>Journal</mark>Urban Studies
Issue number9
Volume52
Number of pages18
Pages (from-to)1665-1682
<mark>State</mark>Published
Early online date12/06/14
<mark>Original language</mark>English

Abstract

This paper examines the degree of commonalities present in the cyclical behaviour of the eight largest metropolitan housing markets in Australia. Using two techniques originally in the business cycle literature we consider the degree of synchronisation present and secondly decompose the series’ into their permanent and cyclical components. Both empirical approaches reveal similar results. Sydney and Melbourne are closely related to each other and are relatively segmented from the smaller metropolitan areas. In contrast, there is substantial evidence of commonalities in the cyclical behaviour of the remaining cities, especially those on the Eastern and Southern coasts of Australia.

Bibliographic note

The final, definitive version of this article has been published in the Journal, Urban Studies, 52 (9), 2015, © SAGE Publications Ltd, 2015 by SAGE Publications Ltd at the Urban Studies page:
http://usj.sagepub.com/ on SAGE Journals Online:
http://online.sagepub.com/