Urban parks,value uplift and green gentrification: An application of the spatial hedonic model in the city of Brisbane |
| |
| Affiliation: | 1. Politecnico di Torino, Interuniversity Department of Regional and Urban Studies and Planning (DIST), Viale Mattioli 39, 10125 Torino, Italy;2. Queensland University of Technology (QUT), QUT Design Lab, Brisbane, Australia;3. Queensland University of Technology (QUT), Digital Media Research Centre, Brisbane, Australia;1. Department of Systems Engineering, Czech University of Life Sciences Prague, Kamýcká 129, 165 21 Prague 6-Suchdol, Czech Republic;2. Nature Conservation Agency of the Czech Republic, Kaplanova 1931/1, 148 00 Prague 11-Chodov, Czech Republic;1. Department of Epidemiology, Johns Hopkins Bloomberg School of Public Health, Baltimore, MD, United States;2. USDA Forest Service, Northern Research Station, Baltimore Field Station, Baltimore, MD, United States;3. Department of Population, Family, and Reproductive Health, Johns Hopkins Bloomberg School of Public Health, Baltimore, MD, United States;1. Monash Art Design and Architecture, Monash University, Sir John Monash Drive, Caulfield, Victoria 3161, Australia;2. School of Social Sciences, Faculty of Arts, Monash University, Wellington Road, Clayton, Victoria 3800, Australia;1. Integrative Research Institute Transformation of Human-Environment-Systems (IRITHESys), Research Group Multifunctional Landscapes, Humboldt-Universität zu Berlin, Unter den Linden 6, Berlin 10099, Germany;2. Institut für Geographische Wissenschaften, Freie Universität Berlin, Malteserstrasse 74-100, Berlin 12249, Germany;1. Institute for Physical Activity and Nutrition (IPAN), School of Exercise and Nutrition Sciences, Deakin University, Geelong, Australia;2. Department of Public Health and Primary Care, Faculty of Medicine and Health Sciences, Ghent University, C. Heymanslaan 10, 9000 Ghent, Belgium;3. Movement and Nutrition for Health and Performance Research Group, Department of Movement and Sport Sciences, Faculty of Physical Education and Physical Therapy, Vrije Universiteit Brussel, Pleinlaan 2, 1050 Brussels, Belgium |
| |
| Abstract: | This paper explores the impact of urban parks on real estate prices making use of a hedonic price approach. Focusing on Brisbane, Australia, as a case study site, we use spatial hedonic models to analyse housing sales data across 15,000 sales transactions to investigate the effects of parks on nearby housing prices, paying attention to park typology and classification. Our findings indicate that recreational and sport parks are differently associated with price variations. The study also examines a specific and significant inner-city park currently undergoing a major redevelopment—namely Victoria Park. Our analysis of the Victoria Park site seeks to quantify the value uplift, that is, the future increase in property prices as a result of the transformation of the current private golf course in this location into a new publicly accessible parkland. This study’s property economics modelling analysis indicates the conversion of Victoria Park from a golf course to public parkland will increase property prices by an average of 3 % for properties located within 750 m of the park. The article concludes with a discussion of value capture opportunities that these findings present as well as challenges of green gentrification for this and similar urban renewal projects and possible policy responses. |
| |
| Keywords: | Property economics Value uplift Spatial hedonic modelling Urban parks Green gentrification Urban informatics |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
