Analysing the Relationship between New Housing Supply and Residential Construction Costs with Regional Heterogeneities

Analysing the Relationship between New Housing Supply and Residential Construction Costs with Regional Heterogeneities

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New housing supply in Australia has been experiencing a low increasing rate in conjunction with a dramatic increase in residential construction costs since the 1990s.This study aims to estimate the relationship between new housing supply and residential construction costs with the regional heterogeneities.Based on a panel error correction model, it superdry baseball top can be identified that there is a causal link and a significant correlation between new housing supply and construction costs in the Australian sub-national housing construction markets.The model developed in this My Mom Dad Is Well Trained Funny Cartoon Dog Gift For Dog Lover Personalized Shirt research assists policy makers to better understand the nature of the supply side of the housing sector and then enact appropriate policies to improve the new housing supply in Australia.