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Impact of GFC in housing market in regional Australia: Lessons from the Central Queensland

conference contribution
posted on 06.12.2017, 00:00 by Delwar Akbar, Ian Clarkson, John Rolfe
The recent global financial crisis (GFC) affected Australian major cities with negative consequence but some regional towns were not affected that much. This paper deals with the surviving factors of housing market in two major towns i.e., Rockhampton and Mackay of the central Queensland (CQ) region during the GFC period. The CQ region is located in the centre of the State of Queensland, Australia. The study found demand factors were stronger than the supply factors in these towns such as financial incentives to the new home buyers, financial incentives for low income families, lowering interest rates during the financial crisis, coupled with investor’s trust in anticipated new projects and employment in the regional area, are becoming the critical surviving factors of housing market in the CQ region. These factors can be considered while a similar region needs a property market stability or recovery from such financial crisis in future.

Funding

Category 2 - Other Public Sector Grants Category

History

Start Page

156

End Page

170

Number of Pages

15

Start Date

21/08/2010

Finish Date

22/08/2010

ISBN-13

9787112123285

Location

Beijing, China

Publisher

China Architecture and Building Press

Place of Publication

Beijing, China

Peer Reviewed

Yes

Open Access

No

External Author Affiliations

Centre for Environmental Management; Conference; Institute for Resource Industries and Sustainability (IRIS);

Era Eligible

Yes

Name of Conference

International Conference of Asia Pacific Network for Housing Research (APNHR 2010)

Exports