Spatial Determinants of Land Prices in Auckland:Does the Metropolitan Urban Limit Have an Effect?

Arthur Grimes and Yun Liang

No 07_09, Working Papers from Motu Economic and Public Policy Research

Abstract: Land prices within monocentric cities typically decline from the centre to the urban periphery. More complex patterns are observed in polycentric and coastal cities; discrete jumps in value can occur across zoning boundaries. Information on these patterns within Auckland is important to understand: (a) the nature of Auckland's development, including the impact of infrastructure investments; and (b) the effects of regulation in causing discrete land valuation changes. One such regulation in Auckland is the metropolitan urban limit (MUL); we specifically examine whether the existence of this growth limit affects land prices. We do so in the context of a model of all Auckland land values over a twelve-year period, finding a strong zoning boundary effect on land prices.

Keywords: growth limits; zoning restrictions; boundary effects; land value gradients (search for similar items in EconPapers)
JEL-codes: R14 R38 R52 (search for similar items in EconPapers)
Pages: 50 pages
Date: 2007-08
New Economics Papers: this item is included in nep-agr, nep-geo, nep-reg and nep-ure
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Citations: View citations in EconPapers (15)

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