TY - JOUR
T1 - The accuracy of property forecasting in Australia
AU - Newell, Graeme
AU - MacFarlane, John
PY - 2006
Y1 - 2006
N2 - Property forecasting is an important component within a property investment strategy. Using the Australian Property Institute's "Australian Property Directions Survey", this six-monthly survey amongst independent property forecasters in Australia is used to compare property forecasts with actual property performance to assess the accuracy of property forecasting in Australia over 1999-2005. The accuracy of this property forecasting is also benchmarked against a number of alternative naive property forecasting strategies to assess the "added-value" of property forecasting in Australia.
AB - Property forecasting is an important component within a property investment strategy. Using the Australian Property Institute's "Australian Property Directions Survey", this six-monthly survey amongst independent property forecasters in Australia is used to compare property forecasts with actual property performance to assess the accuracy of property forecasting in Australia over 1999-2005. The accuracy of this property forecasting is also benchmarked against a number of alternative naive property forecasting strategies to assess the "added-value" of property forecasting in Australia.
KW - Australia
KW - property forecasters
KW - real estate investment
KW - real estate management
UR - http://handle.uws.edu.au:8081/1959.7/34880
UR - http://www.prres.net/Papers/Newell_Accuracy_Property_Forecasting_Australia.pdf
M3 - Article
SN - 2201-6716
SN - 1444-5921
JO - Pacific Rim Property Research Journal
JF - Pacific Rim Property Research Journal
ER -