Spatial Determinants of Land Prices in Auckland: Does the Metropolitan Urban Limit Have an Effect?

Arthur Grimes and Yun Liang

No 292819, Motu Working Papers from Motu Economic and Public Policy Research

Abstract: Land prices within monocentric cities typically decline from the centre to the urban periphery. More complex patterns are observed in polycentric and coastal cities; discrete jumps in value can occur across zoning boundaries. Information on these patterns within Auckland is important to understand: (a) the nature of Auckland’s development, including the impact of infrastructure investments; and (b) the effects of regulation in causing discrete land valuation changes. One such regulation in Auckland is the metropolitan urban limit (MUL); we specifically examine whether the existence of this growth limit affects land prices. We do so in the context of a model of all Auckland land values over a twelve-year period, finding a strong zoning boundary effect on land prices.

Keywords: Community/Rural/Urban Development; Public Economics (search for similar items in EconPapers)
Pages: 50
Date: 2007-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:motuwp:292819

DOI: 10.22004/ag.econ.292819

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