Land value uplift from light rail

Cameron Murray ()

No 566, Discussion Papers Series from University of Queensland, School of Economics

Abstract: Land value gains attributable to the light rail system on the Gold Coast, Australia, are estimated. Using the full history of statutory land valuations of Gold Coast properties, a model of location-specifi c gains is estimated, allowing for price e ffects at multiple distances from stations across time. Total value gains to nearby landowners are $300 million, or 25% of the capital cost of the project, This estimate is net of automatic property tax increases of $4.8million in 2015-16. Substantial additional scope to fund transport investment from value gains is apparent.

Keywords: Land value; betterment; light rail (search for similar items in EconPapers)
Date: 2016-08-30
New Economics Papers: this item is included in nep-tre and nep-ure
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:qld:uq2004:566

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