Pub Date : 2020-05-03DOI: 10.1080/14445921.2021.1883835
C. Heywood
ABSTRACT To improve the transparency of companies’ financial commitments the International Financial Reporting Standard (IFRS) 16 requires companies to report their leased corporate real estate (CRE) on their balance sheets from 1 January 2019. This paper reports Australian CRE balance sheet lease reporting ahead of IFRS 16. This is the first time this has been reported and is also a baseline to evaluate how it changes Australian CRE reporting. 2016 Annual Reports were content analysed to identify current practices with the selected period pre-dating any effects from the standard’s introduction. Detail was limited, other than recording lease expenses. To calculate possible effects of including leased CRE these expenses were capitalised as a proxy for the standard’s methods. Indicative upper and lower end capitalisation rates added between $127.7 billion and $397.0 billion to balance sheets equating to 2.5% and 7.7% (respectively) of the owned PP&E. This also represents an additional 178.6% to 555.2% of current real estate only values. The individual sectors varied but the smallest increase exceeded 100% and the largest increase exceeded 4,000%. This clarifies past assertions about the standard’s effects on CRE Management, but it is still unclear whether IFRS 16 changes tenure preferences towards ownership.
{"title":"Australian corporate real estate lease reporting ahead of IFRS 16","authors":"C. Heywood","doi":"10.1080/14445921.2021.1883835","DOIUrl":"https://doi.org/10.1080/14445921.2021.1883835","url":null,"abstract":"ABSTRACT To improve the transparency of companies’ financial commitments the International Financial Reporting Standard (IFRS) 16 requires companies to report their leased corporate real estate (CRE) on their balance sheets from 1 January 2019. This paper reports Australian CRE balance sheet lease reporting ahead of IFRS 16. This is the first time this has been reported and is also a baseline to evaluate how it changes Australian CRE reporting. 2016 Annual Reports were content analysed to identify current practices with the selected period pre-dating any effects from the standard’s introduction. Detail was limited, other than recording lease expenses. To calculate possible effects of including leased CRE these expenses were capitalised as a proxy for the standard’s methods. Indicative upper and lower end capitalisation rates added between $127.7 billion and $397.0 billion to balance sheets equating to 2.5% and 7.7% (respectively) of the owned PP&E. This also represents an additional 178.6% to 555.2% of current real estate only values. The individual sectors varied but the smallest increase exceeded 100% and the largest increase exceeded 4,000%. This clarifies past assertions about the standard’s effects on CRE Management, but it is still unclear whether IFRS 16 changes tenure preferences towards ownership.","PeriodicalId":44302,"journal":{"name":"Pacific Rim Property Research Journal","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2020-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14445921.2021.1883835","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44262192","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-03DOI: 10.1080/14445921.2021.1889816
Theodore Connell-Variy, T. McGough
ABSTRACT Successive mining “booms” have created wide-ranging, long-term socioeconomic impacts in many parts of Australia. Property markets were both directly and indirectly affected by the mining booms. Towns associated with mining activities experienced significant, rapid shifts in supply and demand levels for housing as well as changes to the amount and type of development occurring. The most recent “mining boom” in Queensland impacted on housing market dynamics, with impacts evident at all stages of the resource cycle. Housing markets were also indirectly affected by new actors and new drivers for buying property in these markets – as an investment. This paper aims to show that the “mining boom” was only one stage of a more complete cycle, and the impacts of this resource cycle on housing were particularly nuanced. Even in the short term, the importance of housing market stability-particularly measured through availability and affordability is important to the wellbeing of a town, and the underlying community. During the most recent cycle, housing markets in Queensland mining towns were uniquely affected.
{"title":"An examination of house price movements in Queensland resource communities","authors":"Theodore Connell-Variy, T. McGough","doi":"10.1080/14445921.2021.1889816","DOIUrl":"https://doi.org/10.1080/14445921.2021.1889816","url":null,"abstract":"ABSTRACT Successive mining “booms” have created wide-ranging, long-term socioeconomic impacts in many parts of Australia. Property markets were both directly and indirectly affected by the mining booms. Towns associated with mining activities experienced significant, rapid shifts in supply and demand levels for housing as well as changes to the amount and type of development occurring. The most recent “mining boom” in Queensland impacted on housing market dynamics, with impacts evident at all stages of the resource cycle. Housing markets were also indirectly affected by new actors and new drivers for buying property in these markets – as an investment. This paper aims to show that the “mining boom” was only one stage of a more complete cycle, and the impacts of this resource cycle on housing were particularly nuanced. Even in the short term, the importance of housing market stability-particularly measured through availability and affordability is important to the wellbeing of a town, and the underlying community. During the most recent cycle, housing markets in Queensland mining towns were uniquely affected.","PeriodicalId":44302,"journal":{"name":"Pacific Rim Property Research Journal","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2020-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14445921.2021.1889816","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45052134","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-03DOI: 10.1080/14445921.2020.1857494
P. I. Gomes, Vasudevan Yathushan
ABSTRACT This study conducted in Sri Lanka’s commercial capital – Colombo, investigated temporal variation of condominium prices from 1998 to 2018, to identify price – inflation relationships and periods of concern. The price increased non-linearly with time without abnormal trends. Unit root, cointegration and vector error correction method tests showed inflation can explain temporal variation of semi-luxury condominium’s price appreciation, and it showed a statistically significant (P < 0.01) positive impact in the long run. Price appreciation and inflation showed a weak negative, yet statistically significant impact for luxury condominiums. The impact of inflation on price appreciation in the short run was mostly a negative correlation and as per explanatory powers the impact was minor. It seemed that Sri Lankan condominium market would mostly be without any periods of concern considering the increasing presales and the decreasing price to rental ratios. However, there is a continuous increment of the ratio between the price and household annual income, and it was about 5.25 as at 2018 (price bubbles occurred when this ratio is over six). More studies are recommended specially on future periods of concern and studies that incorporate ultra-luxury apartments being developed by international developers.
{"title":"Condominium price dynamics in Sri Lanka: correlation with inflation and periods of concern","authors":"P. I. Gomes, Vasudevan Yathushan","doi":"10.1080/14445921.2020.1857494","DOIUrl":"https://doi.org/10.1080/14445921.2020.1857494","url":null,"abstract":"ABSTRACT This study conducted in Sri Lanka’s commercial capital – Colombo, investigated temporal variation of condominium prices from 1998 to 2018, to identify price – inflation relationships and periods of concern. The price increased non-linearly with time without abnormal trends. Unit root, cointegration and vector error correction method tests showed inflation can explain temporal variation of semi-luxury condominium’s price appreciation, and it showed a statistically significant (P < 0.01) positive impact in the long run. Price appreciation and inflation showed a weak negative, yet statistically significant impact for luxury condominiums. The impact of inflation on price appreciation in the short run was mostly a negative correlation and as per explanatory powers the impact was minor. It seemed that Sri Lankan condominium market would mostly be without any periods of concern considering the increasing presales and the decreasing price to rental ratios. However, there is a continuous increment of the ratio between the price and household annual income, and it was about 5.25 as at 2018 (price bubbles occurred when this ratio is over six). More studies are recommended specially on future periods of concern and studies that incorporate ultra-luxury apartments being developed by international developers.","PeriodicalId":44302,"journal":{"name":"Pacific Rim Property Research Journal","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2020-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14445921.2020.1857494","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46467239","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-03DOI: 10.1080/14445921.2020.1857498
O. Olanrele, O. B. Fateye, T. O. Adegunle, C. Ajayi, Rosli Said, Kurannen Baaki
ABSTRACT The paper examined the causal effects of macroeconomic predictors on the dividend return performance of the Nigerian Real Estate Investment Trusts (N-REITs) the macroeconomic indicators considered was interest rate (INTR), an exchange rate (EXGR), inflation rate (INFR), market capitalisation (MKCP) and all share index (ASI). The study is quantitative based on secondary data collected from various government institutions and annual financial reports of the Nigeria REITs for the study period (2008–2017). Autoregressive-distributed lag (ARDL) and Bound test were used to analyse the data. The result of the Bound test indicated that N-REIT, INTR and ASI with F-statistic values of 11.07, 5.71 and 4.18, respectively, co-integrated with other macroeconomic predictors, especially for the variable vectors. ASI with t-stat and prob. value 2.9491 and 0.0065, respectively, implies statistically significant contribution of ASI to REIT performance in the long run (p < 0.05). Through ECM, the series was good at convergence and nonexplosive series ect (−1): −4.98 and p-value 0.0000, the macroeconomic predictors have significant explanatory power on N-REIT performance in the short run. The no capital gain nature of the N-REIT constitutes a limitation in this study, while the competitive dividend return is the driving force for the study.
{"title":"Causal effects of macroeconomic predictors on real estate investment trust’s (REIT’s) performance in Nigeria","authors":"O. Olanrele, O. B. Fateye, T. O. Adegunle, C. Ajayi, Rosli Said, Kurannen Baaki","doi":"10.1080/14445921.2020.1857498","DOIUrl":"https://doi.org/10.1080/14445921.2020.1857498","url":null,"abstract":"ABSTRACT The paper examined the causal effects of macroeconomic predictors on the dividend return performance of the Nigerian Real Estate Investment Trusts (N-REITs) the macroeconomic indicators considered was interest rate (INTR), an exchange rate (EXGR), inflation rate (INFR), market capitalisation (MKCP) and all share index (ASI). The study is quantitative based on secondary data collected from various government institutions and annual financial reports of the Nigeria REITs for the study period (2008–2017). Autoregressive-distributed lag (ARDL) and Bound test were used to analyse the data. The result of the Bound test indicated that N-REIT, INTR and ASI with F-statistic values of 11.07, 5.71 and 4.18, respectively, co-integrated with other macroeconomic predictors, especially for the variable vectors. ASI with t-stat and prob. value 2.9491 and 0.0065, respectively, implies statistically significant contribution of ASI to REIT performance in the long run (p < 0.05). Through ECM, the series was good at convergence and nonexplosive series ect (−1): −4.98 and p-value 0.0000, the macroeconomic predictors have significant explanatory power on N-REIT performance in the short run. The no capital gain nature of the N-REIT constitutes a limitation in this study, while the competitive dividend return is the driving force for the study.","PeriodicalId":44302,"journal":{"name":"Pacific Rim Property Research Journal","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2020-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14445921.2020.1857498","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46781816","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-01-02DOI: 10.1080/14445921.2019.1710095
Niti Rattanaprichavej
ABSTRACT The main objective of this research is to survey the attitudes of project developers, investors, consumers (residents and prospective buyers), and architects involved in the sustainable development of condominium projects. Using the circle of blame concept, qualitative research was conducted by collecting data through structured interviews on sustainability in four areas: environmental, economic, social and community, and aesthetics and functional. Based on the findings, most of the respondents did not renounce the concept of sustainable development if economic sustainability was as expected (such as the project value, rent, return, and cost saving). Thus, it can be concluded economic sustainability is a prerequisite for developing sustainable condominiums. Environmental, social and community, and aesthetics and functional sustainability are the next steps to approach for the project stakeholders. The findings of the research indicate that increased development costs and risks are the key barriers to the success of sustainable development in the Thai condominium market.
{"title":"Possibilities and challenges of sustainable condominium development in Thailand: an analysis through the circle of blame concept","authors":"Niti Rattanaprichavej","doi":"10.1080/14445921.2019.1710095","DOIUrl":"https://doi.org/10.1080/14445921.2019.1710095","url":null,"abstract":"ABSTRACT The main objective of this research is to survey the attitudes of project developers, investors, consumers (residents and prospective buyers), and architects involved in the sustainable development of condominium projects. Using the circle of blame concept, qualitative research was conducted by collecting data through structured interviews on sustainability in four areas: environmental, economic, social and community, and aesthetics and functional. Based on the findings, most of the respondents did not renounce the concept of sustainable development if economic sustainability was as expected (such as the project value, rent, return, and cost saving). Thus, it can be concluded economic sustainability is a prerequisite for developing sustainable condominiums. Environmental, social and community, and aesthetics and functional sustainability are the next steps to approach for the project stakeholders. The findings of the research indicate that increased development costs and risks are the key barriers to the success of sustainable development in the Thai condominium market.","PeriodicalId":44302,"journal":{"name":"Pacific Rim Property Research Journal","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2020-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14445921.2019.1710095","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44809379","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-01-02DOI: 10.1080/14445921.2019.1710078
A. Godfrey
ABSTRACT The Bundling and Splitting Matrix is a conceptual framework of real property tenure. It is used here to derive hypotheses as to the effects of two principal-agent problems: adverse selection and moral hazard on commercial office workspace energy performance under differing tenure types. The purpose of testing these hypotheses, in future research, is to inform disclosure policy. Disclosure here refers to the sharing of information between commercial office workspace lessors and lessees. In demonstrating this framework’s use, this paper’s contribution is methodological. Mitigating adverse selection is the objective of international ex-ante disclosure programs but past research has not isolated ex-ante disclosure’s effect in that mitigation from its other effects. The use of this framework also extends the method used by research measuring energy performance under different contract types. By putting tenure type, rather than a single contract as the object of inquiry, it sets out single or multiple possibly additive or counter-veiling principal-agent problems, adverse selection and moral hazard, each with its disclosure remedy. It is argued that doing so is increasingly significant with the growth in information age forms of workspace tenure such as coworking.
{"title":"Bundling and splitting: workspace tenure in two vectors","authors":"A. Godfrey","doi":"10.1080/14445921.2019.1710078","DOIUrl":"https://doi.org/10.1080/14445921.2019.1710078","url":null,"abstract":"ABSTRACT The Bundling and Splitting Matrix is a conceptual framework of real property tenure. It is used here to derive hypotheses as to the effects of two principal-agent problems: adverse selection and moral hazard on commercial office workspace energy performance under differing tenure types. The purpose of testing these hypotheses, in future research, is to inform disclosure policy. Disclosure here refers to the sharing of information between commercial office workspace lessors and lessees. In demonstrating this framework’s use, this paper’s contribution is methodological. Mitigating adverse selection is the objective of international ex-ante disclosure programs but past research has not isolated ex-ante disclosure’s effect in that mitigation from its other effects. The use of this framework also extends the method used by research measuring energy performance under different contract types. By putting tenure type, rather than a single contract as the object of inquiry, it sets out single or multiple possibly additive or counter-veiling principal-agent problems, adverse selection and moral hazard, each with its disclosure remedy. It is argued that doing so is increasingly significant with the growth in information age forms of workspace tenure such as coworking.","PeriodicalId":44302,"journal":{"name":"Pacific Rim Property Research Journal","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2020-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14445921.2019.1710078","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43208513","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-01-02DOI: 10.1080/14445921.2020.1808278
Rochelle Ade, Michael Rehm
ABSTRACT It is accepted in both popular culture and the academic literature that ‘cold and damp’ housing leads to poor health outcomes for occupants. Many solutions have been proposed to remedy this from voluntary healthy home checklists, green building ratings tools to mandatory government legislation. This study reviews the responses comparing the different mechanisms and drawing conclusions about the potential effectiveness of each. While each approach has admirable aims flaws are identified with the design and application. These include a static assessment methodology (one off inspection), a reliance on simplified checklists and prescriptive interventions and a focus on cold and damp with no counterbalancing consideration of overheating in a climate of recognised global warming. The Healthy Home Standards are identified as the most flawed approach containing multiple exemptions that can be exploited to avoid compliance. Homestar is recognised as the most comprehensive and detailed mechanism currently available to provide healthy housing in NZ.
{"title":"Home is where the health is: New Zealand responses to a “healthy” housing crisis","authors":"Rochelle Ade, Michael Rehm","doi":"10.1080/14445921.2020.1808278","DOIUrl":"https://doi.org/10.1080/14445921.2020.1808278","url":null,"abstract":"ABSTRACT It is accepted in both popular culture and the academic literature that ‘cold and damp’ housing leads to poor health outcomes for occupants. Many solutions have been proposed to remedy this from voluntary healthy home checklists, green building ratings tools to mandatory government legislation. This study reviews the responses comparing the different mechanisms and drawing conclusions about the potential effectiveness of each. While each approach has admirable aims flaws are identified with the design and application. These include a static assessment methodology (one off inspection), a reliance on simplified checklists and prescriptive interventions and a focus on cold and damp with no counterbalancing consideration of overheating in a climate of recognised global warming. The Healthy Home Standards are identified as the most flawed approach containing multiple exemptions that can be exploited to avoid compliance. Homestar is recognised as the most comprehensive and detailed mechanism currently available to provide healthy housing in NZ.","PeriodicalId":44302,"journal":{"name":"Pacific Rim Property Research Journal","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2020-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14445921.2020.1808278","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42797888","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-01-02DOI: 10.1080/14445921.2020.1808279
N. Hurst, D. Halvitigala
ABSTRACT Energy used in housing is a major contributor to Australia’s energy consumption. The country’s vastness leads itself into a broad range of climate conditions and each climate zone demands different energy efficient characteristics in housing. Real estate agents play an active role in motivating buyers in purchasing energy efficient housing through advertising. The objective of this research is to examine whether the promotion of house energy efficient features in advertisements is influenced by the climate zones. The research examined detached dwelling advertisements in three climate zones in Victoria, Australia – hot, mild and cool – during the period of 2008 – 2013 with over 40,000 advertisements reviewed. This was complemented by in-depth interviews with nine senior real estate agents practising within these climate zones. Results highlight that energy efficiency features were not considered to be a major factor when advertising residential properties. However, there were differences in advertising characteristics related to energy efficient features across climate zones. Advertisements in colder zones tended to have more energy saving related words. Yet, distinctive design characteristics for different climate zones are not significantly differentiated and agents tend to follow standard wording when describing them.
{"title":"Climate zones, energy efficient technologies and advertising: what are residential real estate agents saying?","authors":"N. Hurst, D. Halvitigala","doi":"10.1080/14445921.2020.1808279","DOIUrl":"https://doi.org/10.1080/14445921.2020.1808279","url":null,"abstract":"ABSTRACT Energy used in housing is a major contributor to Australia’s energy consumption. The country’s vastness leads itself into a broad range of climate conditions and each climate zone demands different energy efficient characteristics in housing. Real estate agents play an active role in motivating buyers in purchasing energy efficient housing through advertising. The objective of this research is to examine whether the promotion of house energy efficient features in advertisements is influenced by the climate zones. The research examined detached dwelling advertisements in three climate zones in Victoria, Australia – hot, mild and cool – during the period of 2008 – 2013 with over 40,000 advertisements reviewed. This was complemented by in-depth interviews with nine senior real estate agents practising within these climate zones. Results highlight that energy efficiency features were not considered to be a major factor when advertising residential properties. However, there were differences in advertising characteristics related to energy efficient features across climate zones. Advertisements in colder zones tended to have more energy saving related words. Yet, distinctive design characteristics for different climate zones are not significantly differentiated and agents tend to follow standard wording when describing them.","PeriodicalId":44302,"journal":{"name":"Pacific Rim Property Research Journal","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2020-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14445921.2020.1808279","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41574473","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-12-30DOI: 10.1080/14445921.2019.1707949
Rochelle Ade, Michael Rehm
ABSTRACT This study uses critical discourse analysis to review the belief structure surrounding cold and damp housing in New Zealand (NZ) finding that a strong belief structure exists in the NZ psyche that “cold and damp” housing is linked to poor health outcomes. This belief structure has led to recent changes to NZ law to ensure healthy rental housing is provided via the Healthy Homes Guarantee Act. This law utilises a healthy minimum temperature threshold of 18°C as set by the World Health Organisation (WHO). A review of the literature finds limited evidential basis for this minimum temperature threshold, concluding that there is no academic consensus on what indoor environment quality (IEQ) would be required to deliver a healthy home. Until future research fills this knowledge void the current temperature guidelines (18°C to 24°C) could be carefully utilised in conjunction with measures of relative humidity (RH 40% to 60%) and thermal comfort.
{"title":"Home is where the health is: what indoor environment quality delivers a “healthy” home?","authors":"Rochelle Ade, Michael Rehm","doi":"10.1080/14445921.2019.1707949","DOIUrl":"https://doi.org/10.1080/14445921.2019.1707949","url":null,"abstract":"ABSTRACT This study uses critical discourse analysis to review the belief structure surrounding cold and damp housing in New Zealand (NZ) finding that a strong belief structure exists in the NZ psyche that “cold and damp” housing is linked to poor health outcomes. This belief structure has led to recent changes to NZ law to ensure healthy rental housing is provided via the Healthy Homes Guarantee Act. This law utilises a healthy minimum temperature threshold of 18°C as set by the World Health Organisation (WHO). A review of the literature finds limited evidential basis for this minimum temperature threshold, concluding that there is no academic consensus on what indoor environment quality (IEQ) would be required to deliver a healthy home. Until future research fills this knowledge void the current temperature guidelines (18°C to 24°C) could be carefully utilised in conjunction with measures of relative humidity (RH 40% to 60%) and thermal comfort.","PeriodicalId":44302,"journal":{"name":"Pacific Rim Property Research Journal","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2019-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14445921.2019.1707949","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44387706","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-09-02DOI: 10.1080/14445921.2019.1693325
Mariko Kimura, C. Heywood, K. Winson-Geideman
ABSTRACT This paper examines whether firm characteristics are significant determinants in leasing decisions of Australian corporate occupiers. A logistic regression is used to examine the significance of industry, company size and geographic reach of 127 ASX300 corporate occupiers on the prime or non-prime corporate office accommodation decision in Melbourne, Australia. Findings indicate that certain industry and company size characteristics are significant determinants of the prime/non-prime decision. However, the amount of influence of these characterisitics varied from a previous study. This supports claims about the geographic heterogeneity of markets suggested in earlier studies but does suggest that additional research is required to establish how general is the phenomenon. This work also demonstrates further research is needed into the influence of both objective and subjective firm characteristics on accommodation decisions.
{"title":"The effect of firm characteristics on the prime office accommodation decision","authors":"Mariko Kimura, C. Heywood, K. Winson-Geideman","doi":"10.1080/14445921.2019.1693325","DOIUrl":"https://doi.org/10.1080/14445921.2019.1693325","url":null,"abstract":"ABSTRACT This paper examines whether firm characteristics are significant determinants in leasing decisions of Australian corporate occupiers. A logistic regression is used to examine the significance of industry, company size and geographic reach of 127 ASX300 corporate occupiers on the prime or non-prime corporate office accommodation decision in Melbourne, Australia. Findings indicate that certain industry and company size characteristics are significant determinants of the prime/non-prime decision. However, the amount of influence of these characterisitics varied from a previous study. This supports claims about the geographic heterogeneity of markets suggested in earlier studies but does suggest that additional research is required to establish how general is the phenomenon. This work also demonstrates further research is needed into the influence of both objective and subjective firm characteristics on accommodation decisions.","PeriodicalId":44302,"journal":{"name":"Pacific Rim Property Research Journal","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2019-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14445921.2019.1693325","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49637981","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：