The impact of infrastructure charges on house prices in Australia

Bryant, Lyndall & Eves, Chris (2014) The impact of infrastructure charges on house prices in Australia. In 19th Annual Asian Real Estate Society Conference (AsRES 2014), 14-16 July 2014, Gold Coast, QLD.

Abstract

Developer paid fees or charges are a commonly used mechanism for local governments to pay for new infrastructure. However, property developers claim that these costs are merely passed on to home buyers, with adverse effects to housing affordability. Despite numerous government reports and many years of industry advocacy, there remains no empirical evidence in Australia to confirm or quantify this passing on effect to home buyers. Hence there remains no data from which governments can base policy decision on, and the debate continues. This paper examines the question of the impact of infrastructure charges on housing affordability in Australia. It presents the findings of a hedonic house price model that provides the first empirical evidence that infrastructure charges do increase house prices in Australia. This research is consistent with international findings, that support the proposition that developer paid infrastructure charges are passed on to home buyers and are a significant contributor to increasing house prices and reduced housing affordability.

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ID Code: 78708
Item Type: Conference Paper
Refereed: Yes
Keywords: Housing Affordability, Infrastructure Charges, Impact Fees, House prices, Growth Management
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > COMMERCIAL SERVICES (150400) > Real Estate and Valuation Services (150403)
Divisions: Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2014 [please consult the author]
Deposited On: 17 Nov 2014 22:38
Last Modified: 21 Nov 2014 01:13

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