Analysing the Relationship between New Housing Supply and Residential Construction Costs with Regional Heterogeneities

Construction Economics and Building

Junxiao Liu¹  Kerry London² 

[1] School of Architecture & Building, Deakin University;School of Property, Construction & Project Management, RMIT University;

关键词: new housing supply;    residential construction costs;    regional heterogeneities;   

DOI  :  10.5130/AJCEB.v11i3.2174

来源: DOAJ

【 摘 要 】

New housing supply in Australia has been experiencing a low increasing rate in conjunction with a dramatic increase in residential construction costs since the 1990s. This study aims to estimate the relationship between new housing supply and residential construction costs with the regional heterogeneities. Based on a panel error correction model, it can be identified that there is a causal link and a significant correlation between new housing supply and construction costs in the Australian sub-national housing construction markets. The model developed in this research assists policy makers to better understand the nature of the supply side of the housing sector and then enact appropriate policies to improve the new housing supply in Australia.

【 授权许可】

Unknown