This project compares the house price profiles before and after the introduction of neighbourhood renewal programs to consider their impact on perceived amenity (as proxied by house prices).
Australian State Housing Authorities have used urban renewal programs to improve housing stocks and strengthen service delivery within poor communities with concentrations of social housing. The programs aim to improve social and economic outcomes in these communities.
This project seeks to measure the benefits of these programs by using house prices as a proxy for amenity in the neighbourhood. It differs from previous AHURI research (e.g. Project 70110) by using quantitative techniques to derive financial benefits of renewal programs.
The project will utilise Valuer-General data already used in other AHURI projects and employ a quasi experimental approach utilised extensively in the US.