The Olympics and residential property prices : a comparative analysis of two Sydney sub regions

Prior research by the authors on the anticipated rate of growth in house prices flowing from the Olympics indicated a mixed response in the immediate region of Olympic development using ordinary least squares regression and comparison of growth rates for Sydney housing. The present research compares residential property price movements in Leichhardt and South Sydney in relation to the results of our previous research. Analysis takes place in the context of the ongoing residential, cultural, commercial and infrastructure redevelopment occurring in the two sub regions. The present research provides a further opportunity to look at the so-called Olympic effect in the broader context of rapid urban development and consolidation in Sydney.