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

Author

Listed:
  • 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.

Suggested Citation

  • Arthur Grimes & Yun Liang, 2007. "Spatial Determinants of Land Prices in Auckland:Does the Metropolitan Urban Limit Have an Effect?," Motu Working Papers 07_09, Motu Economic and Public Policy Research.
    • Handle: RePEc:mtu:wpaper:07_09
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    Cited by:

    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. Coleman, Andrew & Grimes, Arthur, 2010. "Betterment taxes, capital gains and benefit cost ratios," Economics Letters, Elsevier, vol. 109(1), pages 54-56, October.
    6. 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.
    7. David Maré, 2008. "Labour Productivity in Auckland Firms," Occasional Papers 08/9, Ministry of Economic Development, New Zealand.
    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 & Young, Chris, 2010. "Anticipatory Effects of Rail Upgrades: Auckland’s Western Line," Motu Working Papers 292608, 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. 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.
    13. Stillman, Steven & Maré, David C., 2008. "Housing Markets and Migration: Evidence from New Zealand," Motu Working Papers 292651, Motu Economic and Public Policy Research.

    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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