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"A Comparison Of International Residential Housing Risk Premia" (With Chris Julliard), Grace Wong Bucchianeri May 2006

"A Comparison Of International Residential Housing Risk Premia" (With Chris Julliard), Grace Wong Bucchianeri

Grace Wong Bucchianeri

This paper contributes to this debate on the substantial risk-adjusted returns to real estate by first constructing a panel of housing risk premia for 13 OECD countries over a long sample period (1966:Q3 to 2004:Q4), and then exploring the relationship of these risk premia to changes in the financial market depth, equity market activities, property tax system, urbanization, zoning regulations and political orientation of the government. By comparing the experiences of housing markets in various developed countries, this paper adds to our understanding of what constitutes the real estate risk premium.


Housing Organisations In Australia And The Netherlands: A Comparative Analysis, Connie Susilawati, Lynne Armitage Jan 2006

Housing Organisations In Australia And The Netherlands: A Comparative Analysis, Connie Susilawati, Lynne Armitage

Lynne Armitage

Dutch housing associations are private organisations with a public responsibility which are managed effectively to fulfil the social objectives of providing affordable rental housing. In the Australian system, community housing organisations are categorised as not-for-profit organisations and are mostly characterised by small organisations with very limited resources. This study aims to identify the strengths and weaknesses of the Australian and the Dutch housing association models. A series of interviews with representatives of community housing organisations in Brisbane, Australia, will be compared with the results of similar interviews with representatives of social housing associations in the Netherlands. In addition to differences …