Urban growth boundaries and their impact on land prices

Ball, M, Cigdem, M, Taylor, E and Wood, G 2014, 'Urban growth boundaries and their impact on land prices', Environment and Planning A, vol. 46, no. 12, pp. 3010-3026.

Document type: Journal Article
Collection: Journal Articles

Title Urban growth boundaries and their impact on land prices
Author(s) Ball, M
Cigdem, M
Taylor, E
Wood, G
Year 2014
Journal name Environment and Planning A
Volume number 46
Issue number 12
Start page 3010
End page 3026
Total pages 17
Publisher Pion Ltd
Abstract Undeveloped land transactions at the urban fringe of the Melbourne metropolitan area in Australia are recorded in a dataset that enables exploration of the impact of its urban growth boundary (UGB) on residential land prices. Estimation can take account of a wide range of factors, while controlling for policy anticipation effects and other potential influences on land prices. Modelling estimates indicate that land prices rose substantially inside the UGB after its enactment in 2003, but did not rise much outside of it. These results suggest that the urban growth boundary has had a significant upward effect on the trajectory of the urban region's house prices.
Subject Land Use and Environmental Planning
Urban and Regional Economics
Panel Data Analysis
Keyword(s) urban growth boundary
land prices
land market dynamics
DOI - identifier 10.1068/a130110p
Copyright notice © 2014 Pion and its Licensors
ISSN 0308-518X
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Citation counts: TR Web of Science Citation Count  Cited 6 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 3 times in Scopus Article | Citations
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