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Spatial Determinants of Land Prices in Auckland:Does the Metropolitan Urban Limit Have an Effect?

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Author Info

  • Arthur Grimes

    ()
    (Motu Economic and Public Policy Research)

  • Yun Liang

    ()
    (Motu Economic and Public Policy Research)

Abstract

Land prices within monocentric cities typically decline from the centre to the urban periphery. More complex patterns are observed in polycentric and coastal cities; discrete jumps in value can occur across zoning boundaries. Information on these patterns within Auckland is important to understand: (a) the nature of Auckland's development, including the impact of infrastructure investments; and (b) the effects of regulation in causing discrete land valuation changes. One such regulation in Auckland is the metropolitan urban limit (MUL); we specifically examine whether the existence of this growth limit affects land prices. We do so in the context of a model of all Auckland land values over a twelve-year period, finding a strong zoning boundary effect on land prices.

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Bibliographic Info

Paper provided by Motu Economic and Public Policy Research in its series Working Papers with number 07_09.

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Length: 50 pages
Date of creation: Aug 2007
Date of revision:
Handle: RePEc:mtu:wpaper:07_09

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Related research

Keywords: growth limits; zoning restrictions; boundary effects; land value gradients;

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Cited by:
  1. Coleman, Andrew & Grimes, Arthur, 2010. "Betterment taxes, capital gains and benefit cost ratios," Economics Letters, Elsevier, vol. 109(1), pages 54-56, October.
  2. Arthur Grimes & Chris Young, 2011. "Anticipatory Effects of Rail Upgrades: Auckland's Western Line," ERSA conference papers ersa10p123, European Regional Science Association.
  3. Steven Stillman & David C. Maré, 2008. "Housing Markets and Migration: Evidence from New Zealand," Working Papers 08_06, Motu Economic and Public Policy Research.
  4. David C. Maré, 2008. "Labour Productivity in Auckland Firms," Working Papers 08_12, Motu Economic and Public Policy Research.
  5. Arthur Grimes & Mark Holmes, 2010. "New Zealand Housing Markets: Just a Bit-Player in the A-League?," Working Papers 10_07, Motu Economic and Public Policy Research.

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