Housing Fever

Insights from an Econometric Thermometer

This website provides real-time bubble indicators for housing markets in the eight Australian capital cities and primary New Zealand regions. These indicators provide a direct quantitative measure of the extent of housing fever in these major metropolitan areas. The measures are benchmarked against housing and macroeconomic fundamentals so that they provide a statistical mechanism for assessing the existence and the degree of speculative behaviour in these housing markets.

The markets considered are as follows.

  • Australia: Sydney, Melbourne, Brisbane, Adelaide, Perth, Hobart, Darwin, and Canberra
  • New Zealand: Auckland, Canterbury, Wellington, Bay of Plenty, Waikato, and Otago

March 2024

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This project is supported by the Australian Research Council under Project No. DP190102049.