Immigrants' perceptions are likely to affect the value of housing, with disadvantaged suburbs having less sustained growth in real estate prices.
While an increase in immigration leads to an increase in housing demand, anti-immigrant communities are facing a drop in prices, according to a new study published in the Journal of Housing Economics.
"In theory, if people are more predisposed to immigrants, their price may also be higher, but (my colleagues and I) found that regions with negative attitudes were experiencing a lower increase in housing prices. "Said a researcher from Deakin University, co-author of the study Chris Doucouliagos.
The analysis focused on 474 estimates of the impact of immigration on housing prices in 14 different countries of destination, including Australia, Canada, Nova Scotia, New Caledonia and New Brunswick. Zealand, the United Kingdom and the United States.
"We found that immigration increased housing prices overall. However, using data from the World Values ​​Survey, we show that attitudes toward immigrants mitigate this effect, "said Doucouliagos.
The study showed that greater pressure on supply and demand, including on the attitude of buyers and sellers, could affect the housing market.
"Demand and supply are influenced by attitudes. In terms of selling your home, if you sell to an immigrant, you win, is not it? Anything that causes friction to trade, or restricts trade in this way will limit financial gains, "said Doucouliagos.
Top suburbs:
Harris Park
,
spearhead
,
Campsie
,
Ferntree Gully
,
crossing of ropes
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