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Paper eres2013_95:
Impact of High Voltage Overhead Transmission Lines on Property Value An Australian Residential Case Study

id eres2013_95
authors Elliott, Peter; Hoon Han
year 2013
title Impact of High Voltage Overhead Transmission Lines on Property Value An Australian Residential Case Study
source 20th Annual European Real Estate Society Conference in Vienna, Austria
summary This paper examines the impact of high voltage overhead transmission lines (HVOTLs) on the prices of detached houses in Queensland. Perceptual studies and hedonic price modelling undertaken confirm that proximity to HVOTL has an important influence on property value but the bearing of a view and tower structure is more significant. A case study analysis of Eight Mile Plains, Brisbane, indicated mean house prices within a 50 metre buffer zone of HVOTL were 20% lower than the median house price for the suburb but were not significantly different in the 200 metre and over buffer zone. Perceptual studies indicated that the home owner's perceived impacts of HVOTL on property value are on average up to 38% reduction in value at 100 metres whereas property valuers and real estate agent perceptions ranged from 5.4% to 17.2%. Hedonic regression models also suggested that proximity to HVOTL and visual presence is significant as far house price is concerned but has no impact on the capital growth of house prices over time post HVOTL placement.
keywords HVOTL, Hedonic models, Externalities, Property value, Risk perception studies
series ERES:conference
type paper session
email p.elliott@uq.edu.au
more http://library.eres.org/cgi-bin/rsa98.pl?conf=ERES2013&type=session&theme=Q&slot=4712
discussion No discussions. Post discussion ...
ratings
session Q-3: Real Estate Valuation
last changed 2014/10/21 21:51
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