IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v23y1986i2p105-117.html
   My bibliography  Save this article

Transport Costs and Urban Property Values in the 1970s

Author

Listed:
  • Alan W. Evans

    (University of Reading and Clive Beed is Senior Lecturer in Economics at the University of Melbourne)

  • Clive Beed

    (University of Melbourne)

Abstract

In this paper we use data on property values published annually for the 56 local government areas in the Melbourne metropolitan area to investigate the response of the property market to the oil price rises of the seventies. We show that property values appeared to have responded rapidly to the Australian petrol price increase of 1978, more accessible properties gaining in value relative to less accessible. The 1973 increase was not passed on to Australian consumers but the depression in manufacturing industry which started after it, also had an impact on the property market as values in areas where manufacturing workers lived fell in value relative to others.

Suggested Citation

  • Alan W. Evans & Clive Beed, 1986. "Transport Costs and Urban Property Values in the 1970s," Urban Studies, Urban Studies Journal Limited, vol. 23(2), pages 105-117, April.
  • Handle: RePEc:sae:urbstu:v:23:y:1986:i:2:p:105-117
    DOI: 10.1080/00420988620080101
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1080/00420988620080101
    Download Restriction: no

    File URL: https://libkey.io/10.1080/00420988620080101?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Robson, Arthur J. & Scheffman, David T., 1979. "Urban structure, gas prices, and the demand for transportation," Journal of Urban Economics, Elsevier, vol. 6(2), pages 148-155, April.
    2. Kenneth A. Small, 1980. "Energy Scarcity and Urban Development Patterns," International Regional Science Review, , vol. 5(2), pages 97-117, August.
    3. Eugene F. Brigham, 1965. "The Determinants of Residential Land Values," Land Economics, University of Wisconsin Press, vol. 41(4), pages 325-334.
    4. Alan W. Evans, 1973. "The Economics of Residential Location," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-01889-5, December.
    5. Daly, George G & Mayor, Thomas H, 1983. "Reason and Rationality during Energy Crises," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 168-181, February.
    6. Small, Kenneth A., 1981. "A comment on gasoline prices and urban structure," Journal of Urban Economics, Elsevier, vol. 10(3), pages 311-322, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. C.J. Barnett, 1984. "A Hedonic Price Model of Consumer Demand for Urban Land Attributes," Economics Discussion / Working Papers 84-01, The University of Western Australia, Department of Economics.
    2. John Parr, 2015. "The city and the region as contrasts in spatial organization," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 54(3), pages 797-817, May.
    3. Borck, Rainald & Mulder, Peter, 2024. "Energy policies and pollution in two developing country cities: A quantitative model," Journal of Development Economics, Elsevier, vol. 171(C).
    4. Colin Jones, 2017. "Spatial economy and the geography of functional economic areas," Environment and Planning B, , vol. 44(3), pages 486-503, May.
    5. Stinson, Thomas Franklin, 1973. "The Demand for Education: An Hedonic Approach," Faculty and Alumni Dissertations 322814, University of Minnesota, Department of Applied Economics.
    6. M C Romanos, 1978. "Energy-Price Effects on Metropolitan Spatial Structure and Form," Environment and Planning A, , vol. 10(1), pages 93-104, January.
    7. Cheshire, Paul, 2009. "Urban land markets and policy failures," LSE Research Online Documents on Economics 30837, London School of Economics and Political Science, LSE Library.
    8. Sunak, Yasin & Madlener, Reinhard, 2016. "The impact of wind farm visibility on property values: A spatial difference-in-differences analysis," Energy Economics, Elsevier, vol. 55(C), pages 79-91.
    9. Makoto Ohta, 1983. "Automobile Prices and Quality: Did the Gasoline Price Increase Change Consumer Tastes in the U.S.?," NBER Working Papers 1211, National Bureau of Economic Research, Inc.
    10. Deller, Steven C. & Ottem, Thomas D., 2001. "Crime And The Quality Of Life In Wisconsin Counties," Staff Papers 12652, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    11. Colin Jones & Mike Coombes & Neil Dunse & David Watkins & Colin Wymer, 2012. "Tiered Housing Markets and their Relationship to Labour Market Areas," Urban Studies, Urban Studies Journal Limited, vol. 49(12), pages 2633-2650, September.
    12. C.Y. Yiu & S.K. Wong, 2005. "The Effects of Expected Transport Improvements on Housing Prices," Urban Studies, Urban Studies Journal Limited, vol. 42(1), pages 113-125, January.
    13. Reeves, Tyler & Mei, Bin & Siry, Jacek & Bettinger, Pete & Ferreira, Susana, 2020. "Effect of working forest conservation easements on surrounding property values," Forest Policy and Economics, Elsevier, vol. 118(C).
    14. Duncan Maclennan, 1977. "Some Thoughts on the Nature and Purpose of House Price Studies," Urban Studies, Urban Studies Journal Limited, vol. 14(1), pages 59-71, February.
    15. Robert C. Feenstra, 1986. "Gains from Trade in Differentiated Products: Japanese Compact Trucks," NBER Working Papers 1978, National Bureau of Economic Research, Inc.
    16. Alan Evans & Rachael Unsworth, 2012. "Housing Densities and Consumer Choice," Urban Studies, Urban Studies Journal Limited, vol. 49(6), pages 1163-1177, May.
    17. Alan W. Evans, 1991. "'Rabbit Hutches on Postage Stamps': Planning, Development and Political Economy," Urban Studies, Urban Studies Journal Limited, vol. 28(6), pages 853-870, December.
    18. Tony Bovaird, 1993. "Analysing Urban Economic Development," Urban Studies, Urban Studies Journal Limited, vol. 30(4-5), pages 631-658, May.
    19. Karolien De Bruyne & Jan Van Hove, 2013. "Explaining the spatial variation in housing prices: an economic geography approach," Applied Economics, Taylor & Francis Journals, vol. 45(13), pages 1673-1689, May.
    20. S.R. Engleman, 1977. "The Move into Council Housing: The Effect on Quit Rates," Urban Studies, Urban Studies Journal Limited, vol. 14(2), pages 161-168, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:urbstu:v:23:y:1986:i:2:p:105-117. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.