Using academic literature and available statistics, explain the factors that have influenced house prices in Australia over the past 15 years.
Using academic literature and available statistics, explain the factors that have influenced house prices in Australia over the past 15 years. In the essay:
Summarize price movements, identifying differences in rates of change in segments of the housing market and across space
Assess the relative importance of the factors you have identified, ensuring you cover both supply and demand factors.
Consider the extent to which the price changes you report are caused by changes in land prices and building costs.
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