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Neighborhood diversity and the appreciation of native- and immigrant-owned homes

Cobb-Clark, Deborah A.; Sinning, Mathias

Description

This paper examines the effect of neighborhood diversity on the nativity gap in home-value appreciation in Australia. Specifically, immigrant homeowners experienced a 41.7% increase in median home values between 2001 and 2006, while the median value of housing owned by the native-born increased by 59.4% over the same period. We use a semi-parametric decomposition approach to assess the relative importance of the various determinants of home values in producing this gap. We find that the...[Show more]

CollectionsANU Research Publications
Date published: 2011
Type: Journal article
URI: http://hdl.handle.net/1885/34671
Source: Regional Science and Urban Economics
DOI: 10.1016/j.regsciurbeco.2011.01.006

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