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.
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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|Item Type:||Conference Paper|
|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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