Anticipatory Effects of Rail Upgrades: Auckland’s Western Line

Arthur Grimes and Chris Young

No 292608, Motu 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: Community/Rural/Urban Development; Public Economics (search for similar items in EconPapers)
Pages: 36
Date: 2010-09
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Persistent link: https://EconPapers.repec.org/RePEc:ags:motuwp:292608

DOI: 10.22004/ag.econ.292608

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