Table 8. Results of the DOLS model for...

Table 8.

Results of the DOLS model for non-strata property prices

Dependent variable: non-strata property prices
Explnatory variables	Coefficients	p-value
Australian cash rate [CR]	−4.108	0.00***
Estimated resident population [ERP]	0.005	0.00***
Median annual regional income [MRI]	0.055	0.00***
Constant	−977.74	0.03**
Adjusted R-squared	0.90

Dependent variable: non-strata property prices
Explnatory variables	Coefficients	p-value
Australian cash rate [CR]	−4.108	0.00***
Estimated resident population [ERP]	0.005	0.00***
Median annual regional income [MRI]	0.055	0.00***
Constant	−977.74	0.03**
Adjusted R-squared	0.90

Note(s):

Results of the long-run effects (DOLS model) of key market variables – cash rate, estimated resident population of the Central Coast and the median annual regional income on the median prices of non-strata dwellings. The signs ***, ** and * denote that variable is statistically significant at the 1, 5 and 10% significance level, respectively

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