Assessing the impact of rail investment on housing prices in north-west Sydney

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Conference Proceeding
Proceedings of 18th Annual Pacific-Rim Real Estate Society Conference, 2012, pp. 1 - 22
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Rail investments alter the accessibility and amenity of residential properties, and thus affect housing prices and overall affordability. This project investigates the impact of the Epping-Chatswood rail link in North-west Sydney on home prices, testing out alternative methodologies for estimating price impacts through spatial analysis of historical property sales data obtained from the RP Data Australia. The paper focuses on one station, comparing price trends before and after the construction of the rail link was announced in 2002, and before and after the opening of the rail line in early 2009. The paper concludes with an assessment of the usefulness of alternative methodologies.
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