Urban parks, value uplift and green gentrification: An application of the spatial hedonic model in the city of Brisbane

《Urban parks, value uplift and green gentrification: An application of the spatial hedonic model in the city of Brisbane》

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作者: Marta Bottero;Caterina Caprioli;Marcus Foth;Peta Mitchell;Markus Rittenbruch;Marco Santangelo

来源: URBAN FORESTRY & URBAN GREENING,Vol.74,Issue1,Article 127618

语言: 英文

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作者单位: Politecnico di Torino, Interuniversity Department of Regional and Urban Studies and Planning (DIST), Viale Mattioli 39, 10125 Torino, Italy;Queensland University of Technology (QUT), QUT Design Lab, Brisbane, Australia;Queensland University of Technology (QUT), Digital Media Research Centre, Brisbane, Australia;Politecnico di Torino, Interuniversity Department of Regional and Urban Studies and Planning (DIST), Viale Mattioli 39, 10125 Torino, Italy;Queensland University of Technology (QUT), QUT Design Lab, Brisbane, Australia;Queensland University of Technology (QUT), Digital Media Research Centre, Brisbane, Australia;Department of Systems Engineering, Czech University of Life Sciences Prague, Kamýcká 129, 165 21 Prague 6-Suchdol, Czech Republic;Nature Conservation Agency of the Czech Republic, Kaplanova 1931/1, 148 00 Prague 11-Chodov, Czech Republic;Department of Urban Planning, School of Urban Design, Wuhan University, Wuhan 430071, Hubei, China;Interdisciplinary Program of Landscape Architecture, Graduate School, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 08826, Republic of Korea;Graduate School of Environmental Studies, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 08826, Republic of Korea;Department of Architecture, University of Pretoria, Bag X 20 Hatfield, Pretoria 0028, South Africa;Department of Epidemiology, Johns Hopkins Bloomberg School of Public Health, Baltimore, MD, United States;USDA Forest Service, Northern Research Station, Baltimore Field Station, Baltimore, MD, United States;Department of Population, Family, and Reproductive Health, Johns Hopkins Bloomberg School of Public Health, Baltimore, MD, United States;UFP Energy, Environment and Health Research Unit (FP-ENAS), University Fernando Pessoa (UFP), Praça 9 de Abril 349, 4249-004 Porto, Portugal;Center for Functional Ecology - Science for People & the Planet (CFE), TERRA Associate Laboratory, Department of Life Sciences, Faculty of Sciences and Technology, University of Coimbra, Calçada Martim de Freitas, 3000-456 Coimbra, Portugal;InBIO-Rede de Investigação em Biodiversidade e Biologia Evolutiva, CIBIO, Campus Agrário de Vairao, Universidade do Porto, 4485-661 Vairao, Portugal;Departamento de Geociências, Ambiente e Ordenamento do Território, Faculdade de Ciências, Universidade do Porto, rua do Campo Alegre 687, 4169-007 Porto, Portugal;NeuroLandscape Foundation, Suwalska 8/78, 03-252 Warsaw, Poland;Centre for Public Administration and Public Policies (CAPP), Institute of Social and Political Sciences (ISCSP), University of Lisboa, 1300-663 Lisboa, Portugal;Institute of Sociology of the University of Porto (ISUP), Faculty of Arts and Humanities of the University of Porto (FLUP), s / n, 4150-564 Porto, Portugal;Center for Transdisciplinary Research «Culture, Space and Memory» (CITCEM), Faculty of Arts and Humanities of the University of Porto (FLUP), Via Panorâmica Edgar Cardoso s/n, 4150-564 Porto, Portugal

摘要: This paper explores the impact of urban parks on real estate prices making use of a hedonic price approach. Focusing on Brisbane, Australia, as a case study site, we use spatial hedonic models to analyse housing sales data across 15,000 sales transactions to investigate the effects of parks on nearby housing prices, paying attention to park typology and classification. Our findings indicate that recreational and sport parks are differently associated with price variations. The study also examines a specific and significant inner-city park currently undergoing a major redevelopment—namely Victoria Park. Our analysis of the Victoria Park site seeks to quantify the value uplift, that is, the future increase in property prices as a result of the transformation of the current private golf course in this location into a new publicly accessible parkland. This study’s property economics modelling analysis indicates the conversion of Victoria Park from a golf course to public parkland will increase property prices by an average of 3 % for properties located within 750 m of the park. The article concludes with a discussion of value capture opportunities that these findings present as well as challenges of green gentrification for this and similar urban renewal projects and possible policy responses.