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Real Estate Investment Trusts, Small Stocks And Bid-Ask Spreads

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Real Estate Investment Trusts, Small Stocks And Bid-Ask Spreads

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Furthermore, Swinburne’s figures by LGA were an average for flats and houses: these figures were likely to over-state rentals for flats and under-state them for houses. For the missing years, estimated rentals were derived by interpolation. In a revision of this paper, the estimated rentals will be recast as yield-based in an effort to improve accuracy. To cover the next five years – 1985-1989 – the author used the Ministry of Housing and Construction’s (Victoria) published statistics for two bedroom dwellings (defined for this study as ‘flats’) and three bedroom dwellings (defined here as ‘houses’). In common with Swinburne University, the Ministry drew its figures from ‘The...

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