This paper identifies how much was added to residential land values through the provision of bus rapid transit (BRT) service in Brisbane, Queensland, Australia, with regard to increases in land values because of the BRT system itself and the value of the network effect as a result of incremental additions to the transport infrastructure, a much more common feature of Australian cities. Difference-in-differences models were employed to explore whether there were significant differences between the treatment group (properties close to busway stations) and the control group (properties not close to busway stations) with regard to housing price changes (first difference) before and after the opening of busway stations (second difference). Two types of control groups were defined by using conventional buffer methods and propensity score matching. Model results show increases in property prices because of better accessibility to busways themselves, on the one hand, and on the other hand, additions to the value of land through the network effect of access to a greater service area as the BRT network is developed. The paper reports how different methods of identifying control areas to match given treatment areas had different results and discusses the implications of these results for a literature that has a variety of methods established for research.


    Access

    Download

    Check availability in my library

    Order at Subito €


    Export, share and cite



    Title :

    South Eastern Busway Network in Brisbane, Australia: Value of the Network Effect


    Additional title:

    Transportation Research Record: Journal of the Transportation Research Board


    Contributors:


    Publication date :

    2017-01-01




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English



    Modelling loyalty and behavioural change intentions of busway passengers: A case study of Brisbane, Australia

    Sui Tao / Jonathan Corcoran / Iderlina Mateo-Babiano | DOAJ | 2017

    Free access

    The South Dade Busway

    Fowler, B. C. / Institute of Transportation Engineers | British Library Conference Proceedings | 1995


    Australia - Brisbane (Australia) and ADS

    Domogala, Philippe | Online Contents | 2008


    Runcorn busway study

    Vincent, R. A. / Layfield, R. E. / Bardsley, M. D. | TIBKAT | 1976


    The Beijing Busway Study

    Spencer, A.H. | Online Contents | 1996