Residential Property Values and Mass Transit Service in Brisbane
economics - benefits, economics - value capture, land use - impacts, land use - planning, land use - smart growth, land use - transit oriented development, planning - integration
value capture, locational theory, transit oriented development, TOD, Brisbane
The paper reviews the relationship between mass transit service and property values in Brisbane.
Results indicate a clear preference in terms of observable price premiums for mass transit among attached housing markets, but results in the traditional detached housing market are less clear-cut. Median income housing consumers are another market segment clearly prepared to pay a premium for mass transit access.
Permission to publish the abstract has been given by Pacific Rim Property Research Journal.
Hale, C. (2008). Residential Property Values And Mass Transit Service In Brisbane. Pacific Rim Property Research Journal, Vol. 14, (1), pp 95-115.