The increasing importance of housing demography in the 21st century

To many, demography is an area which traditionally focuses upon macro issues such as migration and population forecasts. However traditional economic indicators cannot always observe the degree of purchaser and vendor willingness and therefore consideration should also be given to characteristics of buyers and sellers in the marketplace. This study draws the disciplines of housing research and demography closer and looks to social indicators for an insight into residential housing markets. This research analysed changes in the value of established residential house prices in Brisbane and the influence of variations in demographic variables on a dynamic time series basis. The results confirmed the existence of strong linkages between demographics and established house prices. While it is acknowledged that established house values are significantly influenced by external economic and political factors, this research confirmed that serious consideration must also be given to the increasing importance of housing demography<br />