Peter Tulip

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Discussion paper

The apartment shortage

Planning regulations restrict the supply of apartments and hence drive up their price. This effect can be measured by the difference between the price of new apartments and the cost of supplying them. This paper measures the excess demand for apartments in Australia's largest cities.
Discussion paper

A model of the Australian housing market

The Australian housing market shows strong relationships between interest rates, investment, rents and prices. This paper combines these relationships in one – hopefully realistic – model. The model provides internally consistent projections for housing construction, prices and rents.
Discussion paper

The effect of zoning on housing prices

Some government policies restrict the supply of housing. Examples include minimum lot sizes, maximum building heights and planning approval processes. Although these restrictions may confer benefits, they also raise the price of housing. This paper attempts to quantify the effect of zoning on housing prices...

The effect of the mining boom on the Australian economy

Abstract: This paper estimates the effects of the mining boom in Australia, using a large-scale structural macroeconometric model, AUS-M. We estimate that the mining boom boosted real per capita household disposable income by 13 per cent by 2013. The boom has contributed to a large...

Is housing overvalued?

This paper examines whether it is more expensive to own a house or to rent. The paper assesses houses as ‘overvalued’ if home buyers pay too much, in the sense that they would be better off renting than buying. This involves comparing the financial cost...