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Anticipatory Effects of Rail Upgrades: Auckland’s Western Line

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  • Grimes, Arthur
  • Young, Chris

Abstract

We examine effects of urban passenger rail upgrades to Auckland‟s Western Line. The upgrades, and associated urban renewal projects, were announced in mid-2005. International experience indicates that the anticipated benefits of the upgrades should be factored into people‟s location and pricing decisions on announcement. We utilise unit record house sale price data, using a new repeat-sales methodology, to measure house price appreciation, testing the hypothesis that price appreciation is affected by proximity to Western Line stations. We find statistically significant rises in values of houses located near stations upon announcement.

Suggested Citation

  • Grimes, Arthur & Young, Chris, 2010. "Anticipatory Effects of Rail Upgrades: Auckland’s Western Line," Motu Working Papers 292608, Motu Economic and Public Policy Research.
    • Handle: RePEc:ags:motuwp:292608
    DOI: 10.22004/ag.econ.292608
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    Cited by:

    1. is not listed on IDEAS
    2. Hans R.A. Koster & Jos N. van Ommeren & Piet Rietveld, 2010. "The Gains of Trains: The effect of station openings on house prices," Tinbergen Institute Discussion Papers 10-094/3, Tinbergen Institute, revised 12 Sep 2012.
    3. Grimes, Arthur & Young, Chris, 2010. "A Simple Repeat Sales House Price Index: Comparative Properties Under Alternative Data Generation Processes," Motu Working Papers 292612, Motu Economic and Public Policy Research.
    4. Grimes, Arthur & Young, Chris, 2013. "Spatial effects of urban rail upgrades," Journal of Transport Geography, Elsevier, vol. 30(C), pages 1-6.

    More about this item

    Keywords

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    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

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