We employ forty-seven different algorithms to forecast Australian log real house prices and growth rates, and compare their ability to produce accurate out-of-sample predictions. The algorithms, which are specified in both single- and multi-equation frameworks, consist of traditional time-series...

We examine the relationship between rail accessibility and the pattern of demographic characteristics at long-established Rail Transit Served Communities (RTSCs). The analytical methods involve the juxtaposition of property premium estimates and assessment of spatial effects on demographic...

This paper aims to explain changes in real house prices in Australia from 1970 to 2003. We develop and estimate a long-run equilibrium model that shows the real long-run economic determinants of house prices and a short-run asymmetric error correction model to represent house price changes in...