In market societies, investors have played a key role in driving suburban densification. However, the concentration of one- and two-bedroom apartments town centres has raised concerns about potential mismatch between investor-driven supply consumer demand. Despite these criticisms, analysis demand for multi-unit housing rarely considers same locality. Recognising significance dwellings supply, this paper develops clearer understanding centres. order to integrate preferences data, combines...

The UN-Habitat World Cities Report 2020 highlighted that overcrowded housing, not urban density, is the major contributing factor to spread of COVID-19. relatively successful ability densely populated cities such as Seoul, Singapore, Tokyo and New York City manage virus supports this. We hypothesise that, given complexity interaction between people place, relative contribution density crowding infectious diseases may be contingent on local factors. To directly compare role household...

The new growth theory establishes, among other things, that government expenditure can manipulate the economic of a country. This study attempts to explain whether increases or decreases in context Sri Lanka. Results obtained employing productive output series and applying an analytical framework based on second degree polynomial regression are generally consistent with previous findings: positively correlated; excessive is negatively correlated growth; investment promotes growth. In...

The recent push for sustainable development is primarily driven by agendas such as smart growth, regional competitiveness and climate change adaptation. These efforts mainly focus on the economy an...

Climate change generates multiple negative impacts for cities, such as the urban heat island effect. Social stresses, including social disadvantage and housing unaffordability, compound poor living conditions of residents make our cities less resilient. This paper considers a climate event (urban heat) stresses (housing affordability disadvantage) to explore resilience in Sydney. We draw on framework building resilience, incorporating facets that amplify crises, solutions strengthen...

Houses with desired aesthetic views have a price premium over similar houses without such views. This article raises the following questions in relation to view as location-specific amenity: How can we calculate reliable indicator for using available information? Are dwellings sold compared otherwise properties? Using more than 5,000 house transactions Illawarra region Australia, and applying hedonic method, study analyses effects of key Due unavailability housing characteristic within...

Coasts lie at the interface between terrestrial and marine environments, where complex interrelationships feedbacks environmental, social economic factors provide a challenge for decision-making. The knowledge data needed to link measure these multiple domains are often highly fragmented incoherent. Ocean Accounting provides means organise relevant ocean into common framework, grounded in existing international statistical standards national environmental-economic accounting. Here, we test...

The growing empirical literature testing informational efficiency of real estate markets uses data from various contexts and at different levels aggregation.The results these studies are mixed.We use a distinctive meta-analysis to examine whether some study characteristics lead significantly higher chance for identification an efficient market.The generated through meta-regression suggest that stock market individual level data, rather than aggregate improves the probability concluding...

Purpose This study aims to examine the impact of relative importance local characteristics, distance from city centre and unobservable spatial relation in explaining values constant‐quality apartment units Vienna. Design/methodology/approach Drawing on recent developments econometrics hedonic house price modelling, rent gradient hypothesis is examined by means regression regression. Spatial autocorrelation tests are applied order assess possible presence dependence. The authors borrow Florax...

Housing market dynamics have primarily shifted from consumption- to investment-driven in many countries, including Australia. Building on investment theory, we investigated by placing demand at the center using error correction model (ECM). We found that house prices, rents, and interest rates are cointegrated long run under present value framework. Other economic factors such as population growth, unemployment, migration, construction activities, bank lending were also important...

For two decades analysts have noted significant and growing socio-spatial polarisation in Australia’s cities. Dominating policy discourse has been the hypothesis that residence “poverty neighbourhoods” can compound individual disadvantage. Prominent here are concerns about social exclusion spatial entrapment. A contrary perspective is low income communities often contain substantial capital accessing relatively affordable housing available such places may provide a basis for subsequent...

Abstract This article unpacks the connection between a growing cohort of small‐scale but purposive property investors and urban socio‐spatial restructuring. We analyse private rental housing as tenure share to demonstrate its spatial correlation with suburbanisation socio‐economic disadvantage in Sydney, Australia, 1991 2016. Then, we show how drive this emerging pattern by reference geography owners’ stated investment objectives—low capital outlay, yields, growth prospects. contend that...