Flattening which curve? Property-price gradients in New South Wales during the COVID-19 pandemic

Nicholas Sheard

Regional Studies, Regional Science, 2024, vol. 11, issue 1, 153-174

Abstract: This paper tests how the patterns of residential property values in the Australian state New South Wales changed during the COVID-19 pandemic. Between 2019 and 2021, property values became relatively high in medium-sized towns and cities, suggesting those locations became more attractive. In its capital and largest city Sydney, the premium on proximity to the central business district (CBD), where employment is heavily concentrated, decreased after 2019 and that decrease persisted beyond the end of pandemic measures. The premium in Sydney on proximity to the beach has increased, but on a trajectory consistent with an existing trend. The decreased premium on proximity to the CBD since 2019 appears to have initially been related to the value of access via public transport, but then also to the value of access by car. The findings suggest shifts in regional development and urban form that could have implications for how cities are planned and developed.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/21681376.2024.2314396 (text/html)
Access to full text is restricted to subscribers.

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:taf:rsrsxx:v:11:y:2024:i:1:p:153-174

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rsrs20

DOI: 10.1080/21681376.2024.2314396

Access Statistics for this article

Regional Studies, Regional Science is currently edited by Alasdair Rae

More articles in Regional Studies, Regional Science from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().