Regional seasonality in Australian house and apartment price returns
研究了1995年12月至2015年11月澳大利亚所有首府城市房屋和公寓价格回报的区域季节性，发现最小和最大首府城市存在显著季节性效应，且房屋的季节性变化比公寓更明显，全球金融危机后几乎所有城市的月度效应都发生了显著变化。
Regional seasonality in Australian house and apartment price returns. Regional Studies. This paper examines regional seasonality in house and apartment price returns across all Australian capital cities from December 1995 to November 2015. The results suggest sizable seasonal effects for the very smallest and very largest regional capitals and that seasonal return variation is more significant for house than apartment returns. Further, the observed month-of-the-year effects have undergone significant changes in almost all cities for both house and apartment returns since the global financial crisis. The discussion offers some reasons for the differences in seasonality between houses and apartments as well as between regions and over time.