Drivers of spatial change in urban housing submarkets
Bibliographic Data
| ID | 4706853 |
|---|---|
| Authors | Greg Costello (Faculty of Business and Law School of Economics and Finance Curtin University Perth WA Australia), Chris Leishman (0000-0002-7853-5035, Centre for Housing Urban and Regional Planning University of Adelaide Adelaide SA Australia, corresponding author), Steven Rowley (0000-0002-2399-1885, Faculty of Business and Law School of Economics and Finance Curtin University Perth WA Australia), Craig Watkins (0000-0002-1249-9473, Department of Urban Studies and Planning University of Sheffield Sheffield UK) |
| Year | 2019 |
| Volume | 185 |
| Issue | 4 |
| Pages | 432-446 |
| Publication date | 2019-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Geographical Journal (JOURNAL) |
| Journal identifiers | ISSN: 0016-7398 • E-ISSN: 1475-4959 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/geoj.12303 |
| OpenAlex | W2946979579 |
| Language | EN |
| Citations received | 8 |
| References cited | 37 |
Spatial urban housing submarkets are now widely used constructs. Recent housing market modelling strategies have emphasised the need for flexibility in modelling approaches in order to best accommodate submarkets which account for spatial variations in hedonic prices. But this raises important unanswered questions concerning the stability of submarket structures over time, and the role of housing market dynamics in breaking down or shifting submarket boundaries. The influence of new supply, in particular, may have a stabilising or destabilising effect on differences in hedonic prices, depending on the wider housing market context. In this paper we examine the temporal influence of new supply, intra-urban migration and socio-economic change as a means of understanding the impact of key drivers of submarket boundary change. Using the Greater Perth region of Western Australia as a case study, we estimate income elasticities of demand for housing services that vary spatially within the urban area. We find evidence that higher income elasticities, new development, socio-economic change and intra-urban migration are associated with changes in the spatial structure of housing prices within the metropolitan housing market
Context (archaeology · Economic geography · Economics · Flexibility (engineering · Geography · Metropolitan area · Microeconomics · Order (exchange · Supply and demand · Housing Market and Economics · Housing, Finance, and Neoliberalism · Urban, Neighborhood, and Segregation Studies
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| Unique citing works | 8 |
|---|---|
| Citations per year | 1,6 |
| Citation span | 2021 - 2025 (5) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 8 |