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Article
Publication date: 16 March 2015

Qiang (Steven) Lu and Yupin Yang

The purpose of this paper is to examine the impact of the Sydney 2000 Olympic Games on the residential real estate markets of the host city during the bidding, pre-Olympic and…

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Abstract

Purpose

The purpose of this paper is to examine the impact of the Sydney 2000 Olympic Games on the residential real estate markets of the host city during the bidding, pre-Olympic and post-Olympic periods.

Design/methodology/approach

This study uses a difference-in-differences model to analyze the transaction prices for all properties in New South Wales, Australia for the period from 1980 to 2007.

Findings

The paper finds that the impact on real estate markets varies across different suburbs in the host city and over time. The real estate markets of host suburbs experience substantially higher growth during the bidding and pre-Olympic periods but not during the post-Olympic period. However, the property prices in non-host suburbs in the host city increase at a higher rate during the pre- and post-Olympic periods but not during the bidding period.

Originality/value

This study offers insights into the long-term impact of the Olympic Games on host suburbs and non-host suburbs in the host city during different periods by analyzing a large longitudinal data set over a period of 27 years.

Details

International Journal of Event and Festival Management, vol. 6 no. 1
Type: Research Article
ISSN: 1758-2954

Keywords

Article
Publication date: 14 November 2017

Jay Peter Blake and Behrooz Gharleghi

The purpose of this study is to investigate the Ripple Effect of house prices at an inter-suburban level of analysis in the Sydney metropolitan area. By doing this, more practical…

Abstract

Purpose

The purpose of this study is to investigate the Ripple Effect of house prices at an inter-suburban level of analysis in the Sydney metropolitan area. By doing this, more practical information of price transmission can be provided to improve residential real estate purchasing decisions of market participants. Equity from residential real estate is a major component of household wealth and is frequently used to improve and upgrade homes. With the ever-increasing prices of real estate in Sydney making more efficient purchasing decisions can grow this wealth quicker allowing a household to obtain financial related goals at a quicker pace.

Design/methodology/approach

Using a two-stage sampling technique strings of adjoining suburbs from different Sydney regions were analysed using a combination of price graphs, Engle–Granger and Johansen co-integration techniques and Granger causality tests.

Findings

Pairwise co-integration was lacking throughout the various suburb strings, whereas multivariate co-integration was found in the lower priced areas further from the central business district, as these areas also experience less price volatility. The geographical location of suburbs therefore plays an important role in the ability to predict an individual suburb’s price movements. For a prominent Ripple Effect to exist at this level the best conditions would consist of a singular demand centre with restricted geographical space to which this demand can spread. Causal pathways were subsequently mapped for each suburb string identifying price transmission pathways and confirming support that while the standard Ripple Effect does not exist at an inter-suburban level, it is still possible to predict price movements by considering the price behaviour of surrounding suburbs.

Originality/value

This paper adds to the literature by examining the Ripple Effect across different suburbs in Sydney. This is done via an extensive search through the literature and analysing recent real estate data.

Details

International Journal of Housing Markets and Analysis, vol. 11 no. 1
Type: Research Article
ISSN: 1753-8270

Keywords

Article
Publication date: 14 February 2018

Xin Janet Ge

This paper aims to investigate the factors that contribute to the changes of house prices including ethnic factors. Australia is a multicultural country with diversified…

Abstract

Purpose

This paper aims to investigate the factors that contribute to the changes of house prices including ethnic factors. Australia is a multicultural country with diversified ethnicities. The median price of established houses (unstratified) in Sydney has reached a new record high of $910,000 in December 2015, increasing around 58.2 per cent from March 2011 [Australian Bureau of Statistics (ABS), 2015a]. However, the prices of some suburbs have increased more than prices of others.

Design/methodology/approach

Six suburbs that represent ethnic majority originally including White, India and China will be selected as pilot studies. Hedonic regression analysis will be applied for the analysis based on 2001, 2006 and 2011 census data.

Findings

It is found that the main drivers of house prices are the dwelling physical characteristics and accessibility to convenient transportation. The level of household income also plays an important role. However, the impact of changes of ethnic on changes of prices is not significant.

Research limitations/implications

The study adds to the growing literature on the ethnicity changes on dwelling prices and is important for understanding whether some of the clusters of ethnic concentration or segregation effects property markets. This study is significant in its understanding of the main characteristics of ethnic changes of suburbs in Sydney.

Practical implications

An implication is that policy makers can attract different ethnic groups and encourage multicultural communities when they formulate housing and planning policies.

Originality/value

The relationship between ethnicity and house price appreciation is not extensively studied in Australia. This research contributes to the literature on the effects of ethnic changes on house prices and implications of policy formulation to encourage multicultural communities.

Details

International Journal of Housing Markets and Analysis, vol. 13 no. 1
Type: Research Article
ISSN: 1753-8270

Keywords

Article
Publication date: 22 June 2012

Mark Hutchinson

The purpose of this paper is to trace debates between state and federal governments, and community stakeholders, leading to the establishment and abolition of the first attempt at…

Abstract

Purpose

The purpose of this paper is to trace debates between state and federal governments, and community stakeholders, leading to the establishment and abolition of the first attempt at a university for Western Sydney, established as Chifley University Interim Council.

Design/methodology/approach

The historical analysis draws from published papers, oral history accounts, and original documents in archives of the University of Sydney and the University of Western Sydney.

Findings

Higher education reform in the 1980s in Australia was fought out as an extension of broader issues such as “States rights”, the rising political power of peri‐urban regions, long‐standing tensions between state and Commonwealth bureaucracies, and the vested interests of existing tertiary education and community groups.

Originality/value

This is the only existing study of attempts to found Chifley University, and one of the few available studies which take a social and contextual approach to understanding the critical reforms of the 1980s leading up to the Dawkins Reforms of 1988‐1990.

Article
Publication date: 7 June 2018

Michelle Catanzaro and Elissa James

This paper aims to explore how the entertainment economy excludes individuals and facilitates private investment, the problematic shift towards a “creative economy” and increased…

Abstract

Purpose

This paper aims to explore how the entertainment economy excludes individuals and facilitates private investment, the problematic shift towards a “creative economy” and increased regulations within Sydney’s entertainment sector. It also examines how a grass-roots, rural festival can be regarded as an extension of the urban context. It discusses the alternative counterculture(s) that exist despite (or perhaps because of) increasing inaccessibility and regulation, using as a case study an activist collective created in this climate, the Marrickville Warehouse Alliance, focusing specifically on its Star Shitty River Retreat festival.

Design/methodology/approach

A phenomenological, mixed-method approach is used with a focus on qualitative in-depth interviews with festival organisers.

Findings

This paper demonstrates how politics, embedded within urban place, can be transported to a rural festival site. The phenomenological accounts recorded with the festival organisers, paired with key theories within the literature, demonstrate how organising committees can shape the understanding of place and politics in grass-roots festival environments.

Social implications

By leaving “no trace” on the site and engaging with and contributing to the indigenous community, the Star Shitty River Retreat festival can be categorised as a type of “creative enhancement”, in which a shared environment of political and communal understanding creates a unique, yet temporary, sense of place within a rural setting.

Originality/value

There is limited literature on the Australian festival context. The finding that rural festival sites can be regarded as an extension of the urban context lends itself to the concept of de-territorialisation or blurring of city boundaries, reinforcing how a festival’s geographical location is of little significance when supported by “portable communities”.

Details

Journal of Place Management and Development, vol. 11 no. 3
Type: Research Article
ISSN: 1753-8335

Keywords

Book part
Publication date: 31 December 2010

The following is an introductory profile of the fastest growing firms over the three-year period of the study listed by corporate reputation ranking order. The business activities…

Abstract

The following is an introductory profile of the fastest growing firms over the three-year period of the study listed by corporate reputation ranking order. The business activities in which the firms are engaged are outlined to provide background information for the reader.

Details

Reputation Building, Website Disclosure and the Case of Intellectual Capital
Type: Book
ISBN: 978-0-85724-506-9

Article
Publication date: 1 September 1996

Alan Treadgold

Considers the structure of grocery retailing in Australia and, in particular, presents and contrasts the development strategies being pursued by the three major retailers in this…

7509

Abstract

Considers the structure of grocery retailing in Australia and, in particular, presents and contrasts the development strategies being pursued by the three major retailers in this highly concentrated market. Woolworth’s, the market leader, is a classic corporate recovery story and is emerging as one of the most impressive food retailers in the world. By contrast, the grocery businesses of Coles Myer, Australia’s leading retailer and one of the largest retailers in the world, are under intense pressure from both a rejuvenated Woolworth’s and the company’s own internal weaknesses, many of which are a legacy of a long period of unchallenged market dominance. Coles now faces the challenge of reinventing itself and is taking an approach quite different to that of Woolworth’s. Franklins is number three in Australian grocery retailing and its origins are as a price aggressive discounter. However, as Franklins’ own market position has come under pressure, the company is responding by moving towards more direct competition with Coles and Woolworth’s.

Details

International Journal of Retail & Distribution Management, vol. 24 no. 8
Type: Research Article
ISSN: 0959-0552

Keywords

Book part
Publication date: 31 December 2010

Simon Pinnegar, Robert Freestone and Bill Randolph

Cities are continually built and unbuilt (Hommels, 2005), reflecting cycles of investment and disinvestment across space, the machinations of housing and urban policy…

Abstract

Cities are continually built and unbuilt (Hommels, 2005), reflecting cycles of investment and disinvestment across space, the machinations of housing and urban policy interventions, and shifting patterns of household need, demand, choice and constraint. The drivers of change are fluid and reflect shifting political, institutional, technological, environmental and socio-economic contexts. Urban landscapes evolve in concert with these changes, but the built environment tends to be defined more in terms of spatial fixity and the path-dependency of physical fabric. Suburban neighbourhoods register this dynamism in different ways as they have flourished, declined and subsequently revalorised over time. Changes initiated through redevelopment, from large-scale public renewal to alterations and renovations by individual owner-occupiers, are long-standing signifiers of reinvestment (Montgomery, 1992; Munro & Leather, 2000; Whitehand & Carr, 2001). Our concern here relates to a particular form of incremental suburban renewal: the increasing significance of private ‘knockdown rebuild’ (KDR) activity. KDR refers to the wholesale demolition and replacement of single homes on individual lots. We are interested in the scale and manifestations of this under-researched process and, in particular, the new insights offered to debates regarding gentrification, residential mobility and choice, and in turn, potential implications for metropolitan housing and planning policy. Our focus is Sydney, Australia.

Details

Suburbanization in Global Society
Type: Book
ISBN: 978-0-85724-348-5

Article
Publication date: 16 August 2011

Valerie Kupke and Peter Rossini

This paper seeks to examine the opportunity for home ownership by first‐time buyers who are in occupations defined in the UK literature as key workers within four state capitals…

4327

Abstract

Purpose

This paper seeks to examine the opportunity for home ownership by first‐time buyers who are in occupations defined in the UK literature as key workers within four state capitals in Australia: Adelaide, Melbourne, Sydney, and Brisbane. Many of these workers are moderate or average income earners who deliver essential community services such as health, social services, education, safety and emergency services. This paper aims to explore access to home ownership for these workers for 2001 and 2009, a period which included the introduction and reintroduction of increased Australian government grants to first home buyers.

Design/methodology/approach

The study determines, for each year, the zones of each city able to be afforded on a moderate single income as well as the percentage of suburbs able to be afforded by key workers.

Findings

The paper identifies the pressure for multiple incomes in order to purchase as well as discussing the commuting distances some workers in Adelaide and Sydney may have to accommodate in order to afford a home.

Originality/value

The paper follows up 2001 work, conducted in Australia, on housing affordability for moderate income earners. Housing affordability continues to be a key housing issue in Australia, especially for first home buyers.

Details

Property Management, vol. 29 no. 4
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 2 March 2015

Peter Rossini and Valerie Kupke

This paper aims to show how social and economic differentiation that has become a feature of Australian cities and the urban housing literature emphasises the value in…

Abstract

Purpose

This paper aims to show how social and economic differentiation that has become a feature of Australian cities and the urban housing literature emphasises the value in understanding such differentiation as an explanation of housing demand.

Design/methodology/approach

Using a consistent set of variables from the 2011 ABS Census of Housing and Population, this paper uses factor analysis to identify the socio spatial substructure of housing markets at suburb level for five mainland Australian cities.

Findings

The relative importance of this socio substructure in explaining median house price is determined for each city. The paper also identifies where the socio spatial structure is mismatched against expected house price and an explanation is offered for these anomalies.

Originality/value

The study is innovative in that it reveals, at suburb level, districts in each city where there is a marked divergence between the prices being paid for property and the socioeconomic makeup of the local community.

Details

International Journal of Housing Markets and Analysis, vol. 8 no. 1
Type: Research Article
ISSN: 1753-8270

Keywords

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