The Perpetual Gentrification of Ponsonby: Triumph or Tradegy?

Olga Filippova, Michael Rehm and Laurence Murphy

ERES from European Real Estate Society (ERES)

Abstract: The suburb of Ponsonby,in Auckland (New Zealand), has long been the subject of academic study and represents New Zealand’s most prominent instance of gentrification. In this paper we examine the trajectory of Ponsonby’s house prices, demographics and its socioeconomic characteristics from 1986 through 2014. Contrary to Latham (2003) who portrayed the suburb in the mid-1990s as an idyllic urban melting pot of all walks of life where gentrification has benefited and enriched the suburb, our analysis shows the suburb’s gentrification has continued unabated and is more homogenous than ever. For homeowners and investors who hold title to Ponsonby’s heritage homes, the astronomical house price appreciation is undoubtedly a triumph, but for the neighbourhood’s working class families that have been displaced through perpetual gentrification, the process is tragic.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2016-01-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://eres.architexturez.net/doc/oai-eres-id-eres2016-90 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2016_90

Access Statistics for this paper

More papers in ERES from European Real Estate Society (ERES) Contact information at EDIRC.
Bibliographic data for series maintained by Architexturez Imprints ().