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Value of playgrounds relative to green spaces: Matching evidence from property prices in Australia

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dc.contributor.authorBreunig, Robert
dc.contributor.authorHasan, Syed
dc.contributor.authorWhiteoak, Kym
dc.date.accessioned2022-05-25T22:27:45Z
dc.date.issued2019
dc.date.updated2020-12-27T07:38:42Z
dc.description.abstractWe examine the effect on house prices of the presence of a small playground relative to an empty green space using a matching approach combined with hedonic regression analysis. Using a data set of 33,521 property sales in urban Australia, we match properties near small playgrounds to similar properties near two empty, open green spaces which are candidates for playground construction. We control for property characteristics and distance to a wide range of urban amenities and other open spaces. We find that the presence of a playground within 300 metres adds about AU$20,000 (4.6 per cent) to the average property price. The price effect of a playground is larger for houses than apartments and falls with distance from the playground.en_AU
dc.description.sponsorshipWe gratefully acknowledge funding from Melbourne Water.en_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.issn0169-2046en_AU
dc.identifier.urihttp://hdl.handle.net/1885/266339
dc.language.isoen_AUen_AU
dc.publisherElsevieren_AU
dc.rights© 2019 The authorsen_AU
dc.sourceLandscape and Urban Planningen_AU
dc.subjectProperty priceen_AU
dc.subjectPlaygroundsen_AU
dc.subjectHedonic analysisen_AU
dc.subjectMatchingen_AU
dc.subjectAustraliaen_AU
dc.titleValue of playgrounds relative to green spaces: Matching evidence from property prices in Australiaen_AU
dc.typeJournal articleen_AU
local.bibliographicCitation.lastpage20en_AU
local.bibliographicCitation.startpage1en_AU
local.contributor.affiliationBreunig, Robert, College of Asia and the Pacific, ANUen_AU
local.contributor.affiliationHasan, Syed, Massey Universityen_AU
local.contributor.affiliationWhiteoak, Kym, RM Consulting Groupen_AU
local.contributor.authoruidBreunig, Robert, u9809765en_AU
local.description.embargo2099-12-31
local.description.notesImported from ARIESen_AU
local.identifier.absfor160601 - Australian Government and Politicsen_AU
local.identifier.ariespublicationu5786633xPUB1004en_AU
local.identifier.citationvolume190en_AU
local.identifier.doi10.1016/j.landurbplan.2019.103608en_AU
local.identifier.purec3d7d816-9890-4eb8-83b3-77eda4f2088b
local.identifier.scopusID2-s2.0-85068866310
local.publisher.urlhttps://www.sciencedirect.com/en_AU
local.type.statusPublished Versionen_AU

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