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

Author

Listed:
  • Grimes, Arthur
  • Liang, Yun

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.

Suggested Citation

  • Grimes, Arthur & Liang, Yun, 2007. "Spatial Determinants of Land Prices in Auckland: Does the Metropolitan Urban Limit Have an Effect?," Motu Working Papers 292819, Motu Economic and Public Policy Research.
    • Handle: RePEc:ags:motuwp:292819
    DOI: 10.22004/ag.econ.292819
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    2. Grimes, Arthur & Hyland, Shane, 2013. "Housing Market Dynamics and the GFC: The Complex Dynamics of a Credit Shock," Motu Working Papers 291377, Motu Economic and Public Policy Research.
    3. I. R. Aliu, 2016. "Marginal land use and value characterizations in Lagos: untangling the drivers and implications for sustainability," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 18(6), pages 1615-1634, December.
    4. David Maré, 2008. "Labour Productivity in Auckland Firms," Occasional Papers 08/9, Ministry of Economic Development, New Zealand.
    5. Timar, Levente & Grimes, Arthur & Fabling, Richard, 2014. "That Sinking Feeling: The Changing Price of Disaster Risk Following an Earthquake," Motu Working Papers 290601, Motu Economic and Public Policy Research.
    6. Richard Le Heron, 2013. "Political Projects, Changing Urban--Rural Relations and Mediating Investment: Insights from Exploring Dairying and Auckland's Spatial Planning in New Zealand," Regional Studies, Taylor & Francis Journals, vol. 47(8), pages 1191-1205, September.
    7. Stillman, Steven & Maré, David C., 2008. "Housing Markets and Migration: Evidence from New Zealand," Motu Working Papers 292651, Motu Economic and Public Policy Research.
    8. Ayesha Khalid & Ali Iqtedar Mirza, 2020. "Monitoring the Spatial Structure of land values in Lahore Metropolitan area," International Journal of Innovations in Science & Technology, 50sea, vol. 2(4), pages 181-194, September.
    9. Grimes, Arthur & Holmes, Mark & Tarrant, Nicholas, 2010. "New Zealand Housing Markets: Just a BitPlayer in the A-League?," Motu Working Papers 292616, Motu Economic and Public Policy Research.
    10. Grimes, Arthur & Hyland Sean, 2013. "A New Zealand Regional Housing Model," Motu Working Papers 291392, Motu Economic and Public Policy Research.
    11. Ayesha Khalid & Ali Iqtedar Mirza, 2020. "Monitoring the Spatial Structure of land values in Lahore Metropolitan area," International Journal of Innovations in Science & Technology, 50sea, vol. 2(3), pages 80-94, September.
    12. Coleman, Andrew & Grimes, Arthur, 2010. "Betterment taxes, capital gains and benefit cost ratios," Economics Letters, Elsevier, vol. 109(1), pages 54-56, October.
    13. Grimes, Arthur & Young, Chris, 2010. "Anticipatory Effects of Rail Upgrades: Auckland’s Western Line," Motu Working Papers 292608, Motu Economic and Public Policy Research.
    14. Samarasinghe, Oshadhi & Sharp, Basil, 2010. "Flood prone risk and amenity values: a spatial hedonic analysis," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(4), pages 1-19.

    More about this item

    Keywords

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    JEL classification:

    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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