Predicting impacts of major projects on housing prices in resource based towns with a case study application to Gladstone, Australia

摘要: Abstract The resources sector in Australia makes a major contribution to the national economy, and underpins employment population mining mineral processing towns. For those towns, rapid growth can generate particular pressures local housing markets because of relatively large size industry small stocks involved. Through case study Gladstone, provides dynamic five-step model, estimate short medium term impacts resource developments. model includes both direct indirect labour force generated by new developments their flow-on effects on increases. Sensitivity testing has allowed for different levels development, multipliers inflows. Three approaches have then been applied predict price expected growth. results show that efficiently market dynamics where there is boom bust cycle, potentially be other regions elsewhere.