Author
Erol, Işıl, Unal, U.
Publication Date
2023
Publication Place
-
Taylor and Francis
Subject
Australia, Housing prices, Instrumental variables, Internal migration
Type
Periodical
Language
English
Digital
Yes
Manuscript
No
Library
Özyeğin University
Library Asset ID
0034-3404
Record ID
8e5954a8-ca08-449b-8929-59c493aa15ee
Library Location
International Finance
Date
2023
Notes
American Economic Association Meeting ; Australian Bureau of Statistics ; Queensland University of Technology ; Universität zu Köln
Sample Text
Australia is one of the most mobile countries in the world due to internal migration. This study provides the first evidence of the causal impact of internal migration inflow on house price changes across 237 statistical regions in Australia from 2014 to 2019. Employing a spatial correlation approach, the paper indicates that internal migration that amounts to 1% of the initial local area population is associated with a 0.52–0.71% increase in house prices in the three most populated states of Australia. Migration inflow has a significant positive effect on house price changes in metropolitan areas of Sydney and Melbourne rather than non-metropolitan regions.
DOI
10.1080/00343404.2022.2106363
Cilt
57
