Flattening which curve? Property-price gradients in New South Wales during the COVID-19 pandemic
This paper tests how the patterns of residential property values in the Australian state New South Wales changed during the COVID-19 pandemic. Between 2019 and 2021, property values became relatively high in medium-sized towns and cities, suggesting those locations became more attractive. In its cap...
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| Format: | Article |
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Taylor & Francis Group
2024-12-01
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| Series: | Regional Studies, Regional Science |
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| Online Access: | https://www.tandfonline.com/doi/10.1080/21681376.2024.2314396 |
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| author | Nicholas Sheard |
| author_facet | Nicholas Sheard |
| author_sort | Nicholas Sheard |
| collection | DOAJ |
| description | This paper tests how the patterns of residential property values in the Australian state New South Wales changed during the COVID-19 pandemic. Between 2019 and 2021, property values became relatively high in medium-sized towns and cities, suggesting those locations became more attractive. In its capital and largest city Sydney, the premium on proximity to the central business district (CBD), where employment is heavily concentrated, decreased after 2019 and that decrease persisted beyond the end of pandemic measures. The premium in Sydney on proximity to the beach has increased, but on a trajectory consistent with an existing trend. The decreased premium on proximity to the CBD since 2019 appears to have initially been related to the value of access via public transport, but then also to the value of access by car. The findings suggest shifts in regional development and urban form that could have implications for how cities are planned and developed. |
| format | Article |
| id | doaj-art-b4a4a844c56540a4ad28c428d950b9fb |
| institution | OA Journals |
| issn | 2168-1376 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Regional Studies, Regional Science |
| spelling | doaj-art-b4a4a844c56540a4ad28c428d950b9fb2025-08-20T01:58:38ZengTaylor & Francis GroupRegional Studies, Regional Science2168-13762024-12-0111115317410.1080/21681376.2024.2314396Flattening which curve? Property-price gradients in New South Wales during the COVID-19 pandemicNicholas Sheard0Centre of Policy Studies, Victoria University, Melbourne, AustraliaThis paper tests how the patterns of residential property values in the Australian state New South Wales changed during the COVID-19 pandemic. Between 2019 and 2021, property values became relatively high in medium-sized towns and cities, suggesting those locations became more attractive. In its capital and largest city Sydney, the premium on proximity to the central business district (CBD), where employment is heavily concentrated, decreased after 2019 and that decrease persisted beyond the end of pandemic measures. The premium in Sydney on proximity to the beach has increased, but on a trajectory consistent with an existing trend. The decreased premium on proximity to the CBD since 2019 appears to have initially been related to the value of access via public transport, but then also to the value of access by car. The findings suggest shifts in regional development and urban form that could have implications for how cities are planned and developed.https://www.tandfonline.com/doi/10.1080/21681376.2024.2314396CommutingCOVID-19housing demandhouse-price gradientsreal estateurban amenities |
| spellingShingle | Nicholas Sheard Flattening which curve? Property-price gradients in New South Wales during the COVID-19 pandemic Regional Studies, Regional Science Commuting COVID-19 housing demand house-price gradients real estate urban amenities |
| title | Flattening which curve? Property-price gradients in New South Wales during the COVID-19 pandemic |
| title_full | Flattening which curve? Property-price gradients in New South Wales during the COVID-19 pandemic |
| title_fullStr | Flattening which curve? Property-price gradients in New South Wales during the COVID-19 pandemic |
| title_full_unstemmed | Flattening which curve? Property-price gradients in New South Wales during the COVID-19 pandemic |
| title_short | Flattening which curve? Property-price gradients in New South Wales during the COVID-19 pandemic |
| title_sort | flattening which curve property price gradients in new south wales during the covid 19 pandemic |
| topic | Commuting COVID-19 housing demand house-price gradients real estate urban amenities |
| url | https://www.tandfonline.com/doi/10.1080/21681376.2024.2314396 |
| work_keys_str_mv | AT nicholassheard flatteningwhichcurvepropertypricegradientsinnewsouthwalesduringthecovid19pandemic |