Speculative Bubbles in Property Markets

房地产市场的投机泡沫

• 批准号: DP0558678
• 负责人: A/Prof G Otto
• 金额: $ 6.87万
• 依托单位: The University of New South Wales
• 依托单位国家: 澳大利亚
• 项目类别: Discovery Projects
• 财政年份: 2005
• 资助国家: 澳大利亚
• 起止时间: 2005-01-01 至 2007-12-31
• 项目状态: 已结题
• 来源: https://dataportal.arc.gov.au/RGS/Web/Grants/DP0558678
• 关键词: Speculative; Bubbles; Property; Markets

It is anticipated that the test for speculative bubbles outlined in this research proposal will make significant progress towards establishing the existence (or non-existence) of property market bubbles. While the proposed application is to the Sydney market, the method will be applicable to property markets in other cites and regions, both in Australia and internationally. An improved test for speculative bubbles will provide a better understanding of the nature of bubbles and will benefit policy-makers by providing a more solid basis for policy development. The research will also produce hedonic pricing models that can be used understand the determinants of property prices and rents in Australian cities.

预计本研究建议中概述的投机泡沫测试将在确定房地产市场泡沫存在（或不存在）方面取得重大进展。虽然拟议的应用是悉尼市场，但该方法将适用于澳大利亚和国际其他城市和地区的房地产市场。对投机性泡沫进行更好的检验，将使人们更好地了解泡沫的性质，并为政策制定提供更坚实的基础，从而使决策者受益。该研究还将产生享乐定价模型，可用于了解澳大利亚城市房地产价格和租金的决定因素。