– This paper aims to draw the disciplines of demography and housing research closer together and looks to social indicators for an insight into the level of house prices.
– A two-stage process was used to examine a global capital city. The first stage used social area analysis to examine household characteristics for at the suburb level, followed by stage two which examined the relationship between these demographic valuables and the level of house prices.
– While acknowledging the overall level of house values is also influenced by many other factors including economic and political variables, considerable differences in housing values between different suburbs can reliably be explained by demographic variables.
– These findings provide a new insight into the relationship between demographic variables and house prices at the neighbourhood level.
