Infrastructure charges and residential land prices in Brisbane, Australia

Bryant, Lyndall (2015) Infrastructure charges and residential land prices in Brisbane, Australia. In 21st Annual Pacific-Rim Real Estate Society Conference, 18-21 January 2015, Kuala Lumpur, Malaysia.

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Abstract

This paper examines the question of whether the imposition of developer infrastructure charges on housing developers affects the price of residential land. Developer paid fees or charges are a commonly used mechanism for local governments to fund new infrastructure as a “user pays” method of funding new urban infrastructure. Some argue these costs are passed back to the original land owner by way of lower land prices. However, property developers claim these charges are added on to new land prices, with flow on negative impact to housing affordability. This paper presents the findings of a hedonic land price model that provides the first empirical evidence that infrastructure charges do increase residential land prices in Brisbane, Australia. This research is consistent with international findings and supports the proposition that developer paid infrastructure charges are over-passed to home buyers and are a significant contributor to reduced housing affordability.

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ID Code: 90137
Item Type: Conference Paper
Refereed: Yes
Keywords: Housing Affordability, infrastructure charges, Impact Fees, House Prices, land prices, residential land
Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > URBAN AND REGIONAL PLANNING (120500) > Urban Analysis and Development (120507)
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 2015 [Please consult the author]
Deposited On: 12 Nov 2015 00:41
Last Modified: 15 Nov 2015 07:38

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