What impact does workplace accessibility have on housing prices? Sydney 2006 - 2011

Publisher:
State of Australian Cities Research Network
Publication Type:
Conference Proceeding
Citation:
State of Australian Cities Conference 2013: Refereed Proceedings, 2013, pp. 1 - 15
Issue Date:
2013-01
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Labour markets evolve continually changes in the number and types of jobs, the spatial location of firms, and clustering or dispersion, continually restructure the citys economy. The relative accessibility of those labour markets also evolves, reflecting changing travel patterns and preferences, and changing transportation investments. This paper investigates what impact labour market changes between 2006 and 2011 have had on prices of houses and units in di fferent locations. The data is drawn from a custom property sales dataset, Census 2006 and 2011, and other secondary sources. The analysis uses a repeat sales method and controls for other locational attributes that might contribute to explaining price changes. GIS-based analysis incorporates spatial measures and statistics into the analysis. The paper contributes to our understanding of the urban economy by addressing the question how does employment accessibility affect peoples housing preferences?
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