Work

Internal migration and house prices in Australia

Year: 2022

Type: article

Abstract: Australia is one of the most mobile countries in the world due to internal migration. This study provides the first evidence of the causal impact of internal migration inflow on house price changes across 237 statistical regions in Australia from 2014 to 2019. Employing a spatial correlation approach, the paper indicates that internal migration that amounts to 1% of the initial local area population is associated with a 0.52–0.71% increase in house prices in the three most populated states of Australia. Migration inflow has a significant positive effect on house price changes in metropolitan areas of Sydney and Melbourne rather than non-metropolitan regions.

Source: Regional Studies

DOI: 10.1080/00343404.2022.2106363

Authors: Isil Erol, Umut Unal

Institutions: Özyeğin University, University of Reading, Philipps University of Marburg, Research Institute for Labour and Social Affairs

Language: English

Topic: Housing Market and Economics

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Sustainable cities and communities

Open Access status: hybrid

Funders: University of Reading, Queensland University of Technology