Abstract

ABSTRACT While several studies analyse house price linkages within cities or regions, none estimates the impact of the COVID-19 pandemic on housing price dynamics between cities and regions. We fill this gap in the literature by examining a network of core and regional cities in Australia using Diebold–Yilmaz’s network variance decomposition approach of 2012. Compared with the pre-pandemic period, the pandemic caused significant change, with core cities significantly linked to regional cities and driving volatility in housing prices. The findings of our study have important implications for real estate investors as well as urban and regional planners.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.