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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)

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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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Publisher 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
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Handle: RePEc:mtu:wpaper:07_09

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Web page: http://www.motu.org.nz
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Related research
Keywords: growth limits; zoning restrictions; boundary effects; land value gradients;

Find related papers by JEL classification:
R14 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Land Use Patterns
R38 - Urban, Rural, and Regional Economics - - Production Analysis and Firm Location - - - Government Policies; Regulatory Policies
R52 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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Cited by:
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  1. David C. Maré, 2008. "Labour Productivity in Auckland Firms," Working Papers 08_12, Motu Economic and Public Policy Research. [Downloadable!]
  2. Steven Stillman & David C. Maré, 2008. "Housing Markets and Migration: Evidence from New Zealand," Working Papers 08_06, Motu Economic and Public Policy Research. [Downloadable!]
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This page was last updated on 2009-11-26.

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