The impact of zoning reform on property prices within lower Hutt, Wellington

Ishan Parbhu; Hassan F. Gholipour; Sharon Yam; Kamel Taoum

The impact of zoning reform on property prices within lower Hutt, Wellington

Ishan Parbhu, Hassan F. Gholipour, Sharon Yam, Kamel Taoum

School of Business

Western Sydney University

Research output: Contribution to journal › Article › peer-review

Abstract

Zoning regulation can have a significant effect on property values by restricting types of development in a particular area. By focusing on the implementation of Hu> City Council’s District Plan Change 43, this study examines the effect of zoning changes on residential property prices in Lower Hu>, New Zealand. Using transaction records of 100 residential properties and employing multivariate regressions, the results show that properties affected by the zoning reforms experienced lower appreciation in value compared to unaffected properties.

Original language	English
Pages (from-to)	49-65
Number of pages	17
Journal	Pacific Rim Property Research Journal
Volume	29
Issue number	3
Publication status	Published - 2024

Notes

Keywords

House prices
New Zealand
Zoning

Cite this

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The impact of zoning reform on property prices within lower Hutt, Wellington

Abstract

Notes

Keywords

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