Journal article
The Impact of Airport Noise on House Prices
Q open, Vol.1(2), pp.1-21
22/06/2021
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Abstract
Using individual house sale data and the release of an airport noise contour map, the relationship between airport noise contours and house prices in Melbourne is studied. House prices are not related to noise contours but annual aircraft movements and distance from the runway are both identified as important determinants of the price of houses near the airport. Houses farther from the airport runway but with the same observable characteristics command a premium of up to 37 per cent which is likely attributable to a range of externalities from the nearby airport including airport noise. Results are robust to tests for time variation in airport disamenity values. The results suggest households use distance to the runway as a proxy for the effects of airport noise.
Details
- Title
- The Impact of Airport Noise on House Prices
- Creators
- Kanwal Preet Kaur - Southern Cross UniversityBuly A. Cardak - La Trobe UniversityRichard McAllister - La Trobe University
- Publication Details
- Q open, Vol.1(2), pp.1-21
- Publisher
- Oxford Univ Press
- Number of pages
- 21
- Identifiers
- 991013372751602368
- Copyright
- ©The Author(s) 2021. Published by Oxford University Press in association with European Agricultural and Applied Economics Publications Foundation. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted reuse, distribution, and reproduction in any medium, provided the original work is properly cited.
- Academic Unit
- Faculty of Business, Law and Arts
- Language
- English
- Resource Type
- Journal article