Accessibility and Residential Land Value Uplift Identifying Spatial Variations in the Accessibility Impacts of a Bus Transitway

• Published in: Urban studies (Edinburgh, Scotland) Vol. 51; no. 8; pp. 1707 - 1724
• Main Author: Mulley, Corinne
• Format: Journal Article
• Language: English
• Published: London, England Sage Publications, Ltd 01.06.2014; SAGE Publications; Longman Group; Sage Publications Ltd
• Subjects: Australia; Automobiles; Benefits; Bgi / Prodig; Buses; Employment; Employment statistics; Geographic location; Geography; Ground transportation; Guideways; Human geography; Infrastructure; Investments; Land prices; Land use; Land values; Location; Oceania; Prices; Property; Property values; Public infrastructure; Public transport; Public transportation; Regression analysis; Residential areas; Spatial Analysis; Spatial models; Suburban areas; Suburbs; Transportation planning; Travel time; Urban Areas; Urban transport; Values; Australia; New South Wales; Sydney; Sydney New South Wales Australia; Accessibility; Suburbs; Neighbourhood effect; Urban transport; Regression analysis; Spatial variation; Land; Land value
• ISSN: 0042-0980; 1360-063X
• DOI: 10.1177/0042098013499082

New public transport investment can improve accessibility for existing and new users of the urban transport network and this can lead to land value uplift with uplift benefits being distributed in relation to the proximity of the location of the property to the infrastructure. This paper quantifies land value uplift and its spatial distribution for accessibility to different destinations for residential properties around a new-build Liverpool Parramatta transitway for buses in a suburban area of south-west Sydney, Australia. Geographically weighted regression (GWR) is used to take account of spatial dependency in the estimation process with the results being presented in map form. Results indicate that property prices are mainly determined by the property's internal features and the neighbourhood effects, but accessibility by car and accessibility to employment along the transitway also contribute nonmarginally. The GWR local model shows that accessibility varies significantly over geographical space demonstrating the advantages of this approach.