Template-Type: ReDIF-Paper 1.0
Author-Name:  Arthur Grimes
Author-X-Name-First: Arthur 
Author-X-Name-Last: Grimes
Author-Email:  arthur.grimes@motu.org.nz
Author-Workplace-Name: Motu Economic and Public Policy Research 
Author-Name: Yun Liang
Author-X-Name-First: Yun 
Author-X-Name-Last: Liang
Author-Email: yun.liang@motu.org.nz 
Author-Workplace-Name: Motu Economic and Public Policy Research
Title:  Spatial Determinants of Land Prices in Auckland:Does the Metropolitan Urban Limit Have an Effect?
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.
Length:  50 pages
Creation-Date:  2007-08
File-URL: https://motu-www.motu.org.nz/wpapers/07_09.pdf
Number: 07_09
Classification-JEL: R14, R38, R52
Keywords: growth limits; zoning restrictions; boundary effects; land value gradients
Handle: RePEc:mtu:wpaper:07_09