A transactional level analysis of residential real estate: Implications of foreign investment, mis-pricing and disposition effects

Khoo, Agnes Y. (2022) A transactional level analysis of residential real estate: Implications of foreign investment, mis-pricing and disposition effects. PhD thesis, Queensland University of Technology.

Description

Australia, as a resource country, has relied on foreign investment to meet the shortfall of domestic savings against investment needs. However, recent concerns around the effects of foreign investment in residential properties has been an issue yet unaddressed. This thesis attempts to fill this gap by utilising a novel set of granular data for improved objectivity and transparency using a small, open economy (the Gold Coast) as a setting. OLS estimates support the hypothesis that foreign investors paid more for units relative to owner occupiers; mispricing is evident within the market and only weak evidence of disposition effect present.

Impact and interest:

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ID Code: 228737
Item Type: QUT Thesis (PhD)
Supervisor: Uylangco, Katherine & Clements, Adam
Keywords: Foreign Investment, Residential Real Estate, Mispricing, Disposition Effects, Heuristic Biases
DOI: 10.5204/thesis.eprints.228737
Divisions: Current > QUT Faculties and Divisions > Faculty of Business & Law
Current > Schools > School of Economics & Finance
Institution: Queensland University of Technology
Deposited On: 22 Mar 2022 23:50
Last Modified: 22 Mar 2022 23:50