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Residential property value impacts of proximity to transport infrastructure: An investigation of bus rapid transit and heavy rail networks in Brisbane, Australia

Corinne Mulley (), Liang Ma, Geoffrey Clifton, Barbara Yen and Matthew Burke

Journal of Transport Geography, 2016, vol. 54, issue C, 41-52

Abstract: Public transport investment is normally targeted at increasing accessibility which land rent theory identifies and will in turn increase land values. There is a clear policy interest in how much land values increase following a new transport investment so as to establish if there is sufficient land value uplift to capture and to help pay or contribute to investment plans. Identifying an uplift for residential land has been well studied in the context of new light rail systems and bus rapid transit (BRT) systems in developing countries but there is little evidence for BRT in developed countries.

Keywords: Bus rapid transit; Spatial modelling; Geographical Weighted Regression; Brisbane, land value uplift, land value capture (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1016/j.jtrangeo.2016.05.010

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Handle: RePEc:eee:jotrge:v:54:y:2016:i:c:p:41-52