Modelling house prices across Sydney

Peter Abelson*, Roselyne Joyeux, Stephane Mahuteau

*Corresponding author for this work

Research output: Contribution to journalArticle

12 Citations (Scopus)

Abstract

This article models median house prices in 626 suburbs across Sydney, using three spatial hedonic models, and obtains high overall levels of explanation. Access to the central business district and the coast, as well as house and lot sizes, are predictably positive factors. Violent crime significantly depresses house values. Access to rail and high-frequency bus services is weakly significant only when access is generally poor. However, neither access to a sub-centre nor housing density was found to have a separate impact on house prices. Research using unit record data could refine the findings of this suburb-level analysis.

Original languageEnglish
Pages (from-to)269-285
Number of pages17
JournalAustralian Economic Review
Volume46
Issue number3
DOIs
Publication statusPublished - Sep 2013

Fingerprint Dive into the research topics of 'Modelling house prices across Sydney'. Together they form a unique fingerprint.

Cite this