Fighting Housing Affordability Crisis with A Data Based Approach
The Team: Dr Ruipeng Liu, Dr. Wei Luo, Associate Prof. Qiang Li
The Australian housing market has been a topic of extensive discussion and concern for decades. The market has witnessed soaring property and rental prices in major cities, making housing affordability a critical issue for many Australians. To reflect both social and physical/environmental challenges the Australian housing market faces, our project aims to construct Housing Sustainability Indices (HSI) for Australian major cities; and provide affordability, environmental considerations, and regulatory measures. Our project focuses on providing a holistic measure of housing affordability, and we will harness Graph Neural Networks (GNNs), particularly the Neural Dynamical Model, as the cutting-edge technique to build a robust, spatially granular, and dynamic housing affordability index.
The team: Dr Ruipeng Liu of the Department of Finance at Deakin’s Business School leads this project. His research focuses on financial market modelling, risk measurements and management, and volatility forecasting. He works on asset pricing, financial market anomalies, and behavioural aspects of finance and climate finance. He applies tools from stochastic physics such as multifractal processes, to study stylized facts of financial markets such as volatility clustering and long memory.
Dr. Wei Luo (School of Information Technology)’s research focuses on improving the reliability of machine learning models to benefit the broader community. He aims to create machine learning models faithful to the application domain and robust in the prediction and thus tackles the research challenges in model uncertainty and generalisation via geometric and topological methods, particularly through the lens of dynamical systems.
Associate Prof. Qiang Li works in the Department of Finance, Deakin Business School. His research focuses on real estate finance and economics, urban economics, and urban policy and planning. His current research interests include ethnic diversity and urban housing markets, the economics of skyscrapers, immigration and housing markets, and housing cycles. He applies economic analysis to both theoretical and practical issues in the housing market and in cities.