Abstract
Summary The relationship between aviation developments and residential land values in the area of Sydney Airport are examined over the period 1959–73 to ascertain the short‐ and longer‐term effects of aircraft‐based externalities. Two areas in the airport‐affected zone and two non‐affected areas which act as controls are considered. It is shown that in the short run adverse effects on sales prices of residences are noted in the airport areas but in the longer term prices display a similar trend in both airport and non‐airport areas. It is indicated also that areas respond differently to such externality impact according to their socio‐economic character.
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