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

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  • 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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