Year: 2024
Type: article
Abstract: This article aims to identify the factors that have an impact on house prices. Using the method of Multiple Linear Regression to analyze the important factors with samples of Perth. Based on assumption, 8 variables were chosen to find the correlation of the price of house in the suburbs of Perth. This article also considers the interaction effects between the area of the parts of the house which contains the area of the land, the area of the room and number of some types of rooms includes garage, bedroom, living room and the date the house was sold, the distance to nearest public facilities such as station and school and the distance from the house to the central business district and the rank of the nearest school. In order to test the effectiveness of the operation, the research consider the significance of those variables, it turns out the longitude and latitude of the house and the year of building and selling and the postcode of the house. Overall, the fluctuation of the price of house in Perth can be considered by the extent to which these factors affect them.
DOI: 10.54097/6k15q611
Authors: Jiarui Li, Pengbo Li, Xiaoya Miao, Yuxuan Zhu
Language: English
Topic: Housing Market and Economics
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4406360946