Table 9. Results of the DOLS model for...

Table 9.

Results of the DOLS model for strata property prices

Dependent variable: strata property prices
Explnatory variables	Coefficients	p-value
Australian cash rate [CR]	−2.960	0.00***
Estimated resident population (ERP)	0.003	0.03**
Median annual regional income (MRI)	0.034	0.00***
Constant	−812.38	0.01**
Adjusted R-squared	0.92

Dependent variable: strata property prices
Explnatory variables	Coefficients	p-value
Australian cash rate [CR]	−2.960	0.00***
Estimated resident population (ERP)	0.003	0.03**
Median annual regional income (MRI)	0.034	0.00***
Constant	−812.38	0.01**
Adjusted R-squared	0.92

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 strata dwellings. The signs ***, ** and * denote that variable is statistically significant at the 1, 5 and 10% significance level, respectively

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