What is it about?
By considering the oceanfront feature in delineating housing market, we case-studied Greater Sydney and a group of coastal cities in the state of NSW in Australia to examine the diffusion pattern between these cities.
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Why is it important?
Our findings vividly show the migration hypothesis prevails as priced-out households in Greater Sydney move to the Illawarra region due to house price and growth differentials. Finally, the responsiveness of Greater Sydney to variations in market fundamentals further confirms the migration diffusion pattern between the cities in the Illawarra region and Greater Sydney.
Perspectives
These findings have significant implications for policymakers seeking to address imbalances between centers and growth areas.
Mustapha Bangura
University of Technology Sydney
Read the Original
This page is a summary of: Spatial connectivity and house price diffusion: The case of Greater Sydney and the regional cities and centres of new south wales (NSW) in Australia, Habitat International, February 2023, Elsevier,
DOI: 10.1016/j.habitatint.2022.102740.
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