Measuring uncertainty in global housing markets and its risk to Australia

该项目旨在为澳大利亚及其主要贸易伙伴，即中国、日本、新西兰、联合王国和美利坚合众国的国家房地产市场制定和构建一个系统风险衡量标准。最近开发的方法将用于调查真实的房地产风险如何随着时间的推移和在金融动荡期间在这些国家迁移。该方法旨在作为市场稳定监督计划的一部分，并用于评估房地产风险对整体经济的影响。及早发现未来房地产泡沫破裂的开始，将对政策制定者、澳大利亚的贸易伙伴、真实的房地产行业以及最终的购房者大有裨益。

This project aims to develop and construct a measure of systemic risk for the national real-estate markets in Australia, and its main trading partners, namely China, Japan, New Zealand, United Kingdom and United States of America. Recently developed methodology will be used to investigate how real estate risks migrate across these countries over time, and during periods of financial turbulence. This methodology is intended to be employed as part of a market stability surveillance program and for assessing the impact of real-estate risk on the overall economy. Early detection of the onset of future housing bubble collapses would be of significant benefit to policy makers, Australia’s trading partners, the real estate industry and ultimately home buyers.