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Capturing land value uplift to better our infrastructure

Individuals are gaining from land value uplift and governments are well placed to recover transport infrastructure costs. Professor Corinne Mulley, from the Institute of Transport and Logistics Studies at the University of Sydney Business School, has researched ways that governments can capture land value uplift from benefitting home owners and businesses, to spend on new transport infrastructure.

“Land value uplift relates to changes in land value that is next to new transport infrastructure,” explains Professor Mulley. Capturing land value uplift would mean the people who most gain from new infrastructure pay more towards its delivery, therefore increasing equity.

Governments are well placed to recover costs by asking home owners and businesses that benefit financially from infrastructure development to share this benefit. But there are a range of considerations that governments need to take into account before implementing land value capture.


Podcast

Listen to an interview with Professor Corinne Mulley to learn more.

Published work

Tsai C, Mulley C, Burke M and Yen B 2017 'Exploring property value effects of ferry terminals: Evidence from Brisbane, Australia', Journal of Transport and Land Use, vol.10:1, pp. 119-37

Mulley C and Tsai C 2017 'The Impact of Bus Rapid Transit on Housing Price and Accessibility Changes in Sydney: A Repeat Sales Approach', International Journal of Sustainable Transportation, vol.11:1 (Low Carbon Mobility), pp. 3-10

Mulley, C., Tsai, C.H. and Ma, L. (2017 forthcoming) 'Does residential property price benefit from light rail in Sydney?', Research in Transportation Economics.

Mulley C and Tsai C 2016 'When and how much does new transport infrastructure add to property values? Evidence from the bus rapid transit system in Sydney, Australia', Transport Policy, vol.51, pp. 15-23

Mulley C, Ma L, Clifton G, Yen B and Burke M 2016 'Residential property value impacts of proximity to transport infrastructure: an investigation of bus rapid transit and heavy rail networks in Brisbane, Australia', Journal of Transport Geography, vol.54, pp. 41-52

Mulley C 2014 'Accessibility and Residential Land Value Uplift: Identifying Spatial Variations in the Accessibility Impacts of a Bus Transitway', Urban Studies, vol.51:8, pp. 1707-24

Du H and Mulley C 2012 'Understanding spatial variations in the impact accessibility on land value using geographically weighted regression', Journal of Transport and Land Use, vol.5:2, pp. 46-59

Du, H and Mulley, C (2007) 'The short-term land value impacts of urban rail transit: Quantitative evidence from Sunderland, UK', Land Use Policy, vol. 24, no. 1, pp. 223-33

Du H and Mulley C 2007 'Transport accessibility and land value: a case study of Tyne and Wear', RICS research paper (Volume 7, Number 3), London, United Kingdom