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- W2185512080 abstract "This paper examines the relationship between median and mean house prices, which are commonly misconstrued in the popular press to mean the asset price, and constant-quality house prices as measured by hedonic equations and repeat sales. Median and mean house prices for relatively homogeneous sub markets are also examined, to determine whether there is potential to gauge asset price movements without the time and effort involved in constructing repeat sale and hedonic price indices. The case chosen for examination is Port Pirie, in South Australia. This small city has had large apparent price increases over a period of time in which real prices of housing in many Australian regional areas have apparently fallen. The sales data is divided into more homogeneous submarkets, to ascertain whether mean or median closely reflect the asset prices in these sub markets. Hedonic price and repeat sales indices are then constructed so that the usefulness of mean and median prices as housing price movement indicators in Port Pirie can be ascertained." @default.
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- W2185512080 date "1995-01-01" @default.
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- W2185512080 title "CONSTANT QUALITY HOUSE PRICES IN AN AUSTRALIAN CONTEXT A CASE STUDY OF PORT PIRIE, SOUTH AUSTRALIA" @default.
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