Abstract
This paper quantifies the house price premium associated with a leading public school in Sydney, Australia, Killara High School. Using the boundary discontinuity method this study compares sales data from properties on either side of a local enrolment boundary that divides a suburb in two equal parts. This controls for the effects of neighbourhood characteristics. Using a Hedonic index allows for a micro approach to investigating the impact of the school on house prices and finds, that for the suburb under study, homes located within the enrolment area are worth approximately 17.6% more than homes located just outside the boundary. The paper also explores the impact of the school's policy on out-of-area enrolment and the awareness and willingness of parents to pay for their children's education through house price premiums.
| Original language | English |
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| Title of host publication | Proceedings of the 37th Australasian Universities Building Educators Association (AUBEA) International Conference, 4-6 July 2012, Sydney, N.S.W. |
| Publisher | University of New South Wales |
| Pages | 459-470 |
| Number of pages | 12 |
| ISBN (Print) | 9780646581279 |
| Publication status | Published - 2012 |
| Event | AUBEA International Conference - Duration: 4 Jul 2012 → … |
Conference
| Conference | AUBEA International Conference |
|---|---|
| Period | 4/07/12 → … |