Funding on the line: public transport financing and property value capture (ARC Linkage Project administered by Griffith University) (2016-2020)
Abstract
This research develops property value capture schemes to provide alternative funding for public transport investment. Hedonic modelling using longitudinal geographic-weighted regression provides visual detail on the timing and spatial patterns of property value uplift from recent investments in rail, busways and ferries in Queensland and NSW. The first international survey of benefit-area schemes for value capture is conducted along with surveys of Australian stakeholders and discrete choice modelling to determine willingness-to-pay. This data is then used to develop an institutionally, legally and politically feasible scheme for implementation in Australia, focused on cases including extension to the Gold Coast light rail network.
