Geographic differentiation of the Brisbane housing market
Spatial fragmentation of urban residential spaces has potential to create local housing sub-markets within a metropolis. This paper examines the effects of fragmented residential urban space in terms of urban ecologies on the median house price of suburbs in Brisbane, Australia. Using measures of spatial autocorrelation, the spatial
pattern of the house price variation has been measured. A discriminant model was developed to identify the underlying functions to differentiate house price across suburbs. The urban residential spaces are found to be spatially fragmented due to the embedded variability in the socio-economic and demographic characteristics of neighbourhood. 'Socio-economic status' and 'accessibility' functions were identified as
the main drivers for the generation of the fragmented spatial structures of Brisbane sub-housing market.