Anticipatory Effects of Rail Upgrades: Auckland’s Western Line
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.
|Date of creation:||Sep 2010|
|Date of revision:|
|Contact details of provider:|| Postal: Level 1, 97 Cuba Street, P.O. Box 24390, Wellington|
Web page: http://www.motu.org.nz
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Morito Tsutsumi & Hajime Seya, 2008. "Measuring the impact of large-scale transportation projects on land price using spatial statistical models," Papers in Regional Science, Wiley Blackwell, vol. 87(3), pages 385-401, 08.
- Baldwin, Richard E., 2001. "Core-periphery model with forward-looking expectations," Regional Science and Urban Economics, Elsevier, vol. 31(1), pages 21-49, February.
- Glaeser, Edward L. & Kahn, Matthew E. & Rappaport, Jordan, 2008.
"Why do the poor live in cities The role of public transportation,"
Journal of Urban Economics,
Elsevier, vol. 63(1), pages 1-24, January.
- Rappaport, Jordan & Kahn, Matthew E. & Glaeser, Edward, 2008. "Why Do The Poor Live In Cities? The Role of Public Transportation," Scholarly Articles 2958224, Harvard University Department of Economics.
- Steven C. Bourassa & Martin Hoesli & Jian Sun, 2004.
"A Simple Alternative House Price Index Method,"
FAME Research Paper Series
rp119, International Center for Financial Asset Management and Engineering.
- Andrew F. Haughwout, 2000.
"Public infrastructure investments, productivity and welfare in fixed geographic areas,"
104, Federal Reserve Bank of New York.
- Haughwout, Andrew F., 2002. "Public infrastructure investments, productivity and welfare in fixed geographic areas," Journal of Public Economics, Elsevier, vol. 83(3), pages 405-428, March.
- Stephen Gibbons & Stephen Machin, 2004.
"Valuing rail access using transport innovations,"
LSE Research Online Documents on Economics
19989, London School of Economics and Political Science, LSE Library.
- de Vries, Paul & de Haan, Jan & van der Wal, Erna & Mariën, Gust, 2009. "A house price index based on the SPAR method," Journal of Housing Economics, Elsevier, vol. 18(3), pages 214-223, September.
- Austin Nichols & Mark E Schaffer, 2007. "Clustered standard errors in Stata," United Kingdom Stata Users' Group Meetings 2007 07, Stata Users Group.
- Wang, Ferdinand T. & Zorn, Peter M., 1997. "Estimating House Price Growth with Repeat Sales Data: What's the Aim of the Game?," Journal of Housing Economics, Elsevier, vol. 6(2), pages 93-118, June.
- Winston, Clifford & Maheshri, Vikram, 2007. "On the social desirability of urban rail transit systems," Journal of Urban Economics, Elsevier, vol. 62(2), pages 362-382, September.
- Arthur Grimes & Yun Liang, 2007. "Spatial Determinants of Land Prices in Auckland:Does the Metropolitan Urban Limit Have an Effect?," Working Papers 07_09, Motu Economic and Public Policy Research.
- Daniel P. McMillen & John McDonald, 2004. "Reaction of House Prices to a New Rapid Transit Line: Chicago's Midway Line, 1983-1999," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 32(3), pages 463-486, 09.
- Richard Baldwin & Rikard Forslid & Philippe Martin & Gianmarco Ottaviano & Frederic Robert Nicoud, 2003.
"Economic Geography and Public Policy,"
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers)
- Bowes, David R. & Ihlanfeldt, Keith R., 2001. "Identifying the Impacts of Rail Transit Stations on Residential Property Values," Journal of Urban Economics, Elsevier, vol. 50(1), pages 1-25, July.
- Roback, Jennifer, 1982. "Wages, Rents, and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1257-78, December.
- Matthew E. Kahn, 2007. "Gentrification Trends in New Transit-Oriented Communities: Evidence from 14 Cities That Expanded and Built Rail Transit Systems," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 35(2), pages 155-182, 06.
- Edward L. Glaeser & Matthew E. Kahn & Jordan Rappaport, 2000.
"Why Do The Poor Live In Cities?,"
Harvard Institute of Economic Research Working Papers
1891, Harvard - Institute of Economic Research.
- repec:hal:journl:halshs-00179815 is not listed on IDEAS
When requesting a correction, please mention this item's handle: RePEc:mtu:wpaper:10_11. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Maxine Watene)
If references are entirely missing, you can add them using this form.