Measuring the preference for dwelling characteristics of Melbourne : railway stations and house prices

Boymal, Jonathan, de Silva, Ashton, & Liu, Shen (2013) Measuring the preference for dwelling characteristics of Melbourne : railway stations and house prices. In 19th Annual Pacific Rim Real Estate Society Conference : Future Directions : A Time of Change, 13-16 January 2013, RMIT University, Melbourne, Australia.

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Abstract

The relationship between public transportation and home values has proven to be complex, with studies providing divergent findings. Using Victorian Valuer General Data for 2009, this paper applies a hedonic pricing approach to the Melbourne metropolitan housing market in order to estimate the impacts of proximity to a train station on residential property prices. The findings reveal a negative impact on dwelling price for those properties within 125 metres from a train station and a positive relationship between dwelling price and proximity for properties more than 125 metres away.

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ID Code: 73238
Item Type: Conference Paper
Refereed: Yes
Keywords: Hedonic, Sale Price, Railway Stations
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > ECONOMETRICS (140300)
Divisions: Current > Schools > School of Mathematical Sciences
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2013 The authors
Deposited On: 03 Jul 2014 00:03
Last Modified: 04 Jul 2014 19:23

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