Announcement, construction or delivery: When does value uplift occur for residential properties? Evidence from the Gold Coast Light Rail system in Australia

Announcement, construction or delivery: When does value uplift occur for residential properties?... •Examines the timing of the increases in land value on residential housing following the delivery of the Light Rail Transit (LRT) system.•Addresses the questions for policy and practice around the timing, shape and conditions for increases in land value or value uplift.•Use a Difference-in-Differences model to show impacts for properties in catchment areas versus those in control areas across time.•The results show property prices in the catchment areas start to increase after announcement.•The highest increment of increase has been found after solid financial commitment is made by government. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Land Use Policy Elsevier

Announcement, construction or delivery: When does value uplift occur for residential properties? Evidence from the Gold Coast Light Rail system in Australia

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Publisher
Elsevier
Copyright
Copyright © 2018 Elsevier Ltd
ISSN
0264-8377
D.O.I.
10.1016/j.landusepol.2018.02.007
Publisher site
See Article on Publisher Site

Abstract

•Examines the timing of the increases in land value on residential housing following the delivery of the Light Rail Transit (LRT) system.•Addresses the questions for policy and practice around the timing, shape and conditions for increases in land value or value uplift.•Use a Difference-in-Differences model to show impacts for properties in catchment areas versus those in control areas across time.•The results show property prices in the catchment areas start to increase after announcement.•The highest increment of increase has been found after solid financial commitment is made by government.

Journal

Land Use PolicyElsevier

Published: Apr 1, 2018

References

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