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The Impact of Airport Noise on House Prices

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journal contribution
posted on 07.10.2021, 23:29 authored by Kanwal Preet Kaur, Buly CardakBuly Cardak, Richard McAllister
Using individual house sale data and the release of an airport noise contour map, the relationship between airport noise contours and house prices in Melbourne is studied. House prices are not related to noise contours but annual aircraft movements and distance from the runway are both identified as important determinants of the price of houses near the airport. Houses farther from the airport runway but with the same observable characteristics command a premium of up to 37 per cent which is likely attributable to a range of externalities from the nearby airport including airport noise. Results are robust to tests for time variation in airport disamenity values. The results suggest households use distance to the runway as a proxy for the effects of airport noise.

History

Publication Date

29/07/2021

Journal

Q Open

Volume

1

Issue

2

Article Number

qoab012

Pagination

21 (p. 1-21)

Publisher

Oxford University Press

ISSN

2633-9048

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The Author reserves all moral rights over the deposited text and must be credited if any re-use occurs. Documents deposited in OPAL are the Open Access versions of outputs published elsewhere. Changes resulting from the publishing process may therefore not be reflected in this document. The final published version may be obtained via the publisher’s DOI. Please note that additional copyright and access restrictions may apply to the published version.

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