Neighborhood diversity and the appreciation of native- and immigrant-owned homes

Read the full text

PDFNeighborhood diversity and the appreciation of native- and immigrant-owned homes

06 November 2009This paper examines the effect of neighborhood diversity on the nativity gap in home-value appreciation in Australia. Specifically, immigrant homeowners experienced a 41.7 percent increase in median home values between 2001 and 2006, while the median value of housing owned by the native-born increased by 59.4 percent over the same period. The authors use a semi-parametric decomposition approach to assess the relative importance of the various determinants of home values in producing this gap. They find that the differential returns to housing wealth are not related to changes in the nature of the houses or the neighborhoods in which immigrants and native-born homeowners live. Rather, the gap stems from the fact that over time there were differential changes across groups in the hedonic prices (i.e., returns) associated with the underlying determinants of home values. 

Publication typeReport
Publisher TypeAcademic research centre, APO Member
CoverageAustralia
Permanent URLhttp://apo.org.au/node/19609
Views1154

Related Topics

Social Policy

Environment & Planning

Economics

Related content

Most viewed: This week

1
Teaching with social media in classroom settings: Top ten practices from teachers around Europe
2
Research Associate/s needed for 1 year: Creative Workforce Program
3
Without internet skills, older Australians will miss out on so much.
4
Policy and Research Manager
5
Venture capital and later stage private equity, Australia, 2010-11

Noticeboard

Default Superannuation Funds in Modern Awards: new inquiry
07 February 2012
The Productivity Commission has been asked to report within 8 months on Default Superannuation Funds in Modern Awards. The inquiry covers the design of criteria for the selection and ongoing assessment of superannuation funds for nomination as default funds in modern awards.
Review of the Australia Council for the Arts
20 December 2011

Arts Minister Simon Crean has announced an independent review of the Australia Council for the Arts ahead of the development of the nation's first National Cultural Policy in almost 20 years.

Access and equity inquiry
20 December 2011

On 18 November 2011, Parliamentary Secretary for Immigration and Multicultural Affairs, Senator the Hon Kate Lundy, announced the establishment of an independent panel of eminent community leaders to conduct an inquiry into Australian Government services to ensure they are responsive to the needs of Australians from culturally and linguistically diverse backgrounds.

Topics

APO