Anticipatory Effects of Rail Upgrades: Auckland’s Western Line

Arthur Grimes and Chris Young ()
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Chris Young: Motu Economic and Public Policy Research

No 10_11, Working Papers from Motu Economic and Public Policy Research

Abstract: We examine effects of urban passenger rail upgrades to Auckland’s Western Line. The upgrades, and associated urban renewal projects, were announced in mid-2005. International experience indicates that the anticipated benefits of the upgrades should be factored into people’s location and pricing decisions on announcement. We utilise unit record house sale price data, using a new repeat-sales methodology, to measure house price appreciation, testing the hypothesis that price appreciation is affected by proximity to Western Line stations. We find statistically significant rises in values of houses located near stations upon announcement.

Keywords: Rail infrastructure investment; urban regeneration (search for similar items in EconPapers)
JEL-codes: H43 H54 R41 R42 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2010-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Anticipatory Effects of Rail Upgrades: Auckland's Western Line (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:mtu:wpaper:10_11

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