IDEAS home Printed from https://ideas.repec.org/a/taf/jpropr/v40y2023i3p252-273.html
   My bibliography  Save this article

‘It’s the hope I can’t stand’: planning, valuation and new community building

Author

Listed:
  • Nicholas A. Phelps
  • Julie T. Miao

Abstract

What are the recursive effects of planning on valuations of land, value capture and returns to developers and hence what urban planning can achieve in the building of new urban fringe communities? Valuations affect returns on investment in ways that impact on developer contributions while planning fuels hope in ways that land value capture instruments can never fully realise. We illustrate the discussion with reference to Melbourne, Australia drawing on research interviews with local and state and private sector planners, real estate brokers and valuers. In conclusion, we note the implications of the hope generated by planning for the capture of land value uplifts in the name of new community building; the desirability of integrating insights from the property and planning disciplines; further investigating the temporalities of planning; and the contribution of built environment professions in shaping discourses surrounding the value of planning.

Suggested Citation

  • Nicholas A. Phelps & Julie T. Miao, 2023. "‘It’s the hope I can’t stand’: planning, valuation and new community building," Journal of Property Research, Taylor & Francis Journals, vol. 40(3), pages 252-273, July.
    • Handle: RePEc:taf:jpropr:v:40:y:2023:i:3:p:252-273
    DOI: 10.1080/09599916.2023.2183887
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09599916.2023.2183887
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09599916.2023.2183887?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    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:taf:jpropr:v:40:y:2023:i:3:p:252-273. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJPR20 .

    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.