Conference Proceedings

Liveability at Height: Consumers' willingness to pay

Matthew Palm, Georgia Warren-Myers, Franz Fuerst

Proceedings from the PRRES Conference - 2019 25th Annual Conference, January 14 - 16 2019 Melbourne, Australia | Pacific Rim Real Estate Society (PRRES) | Published : 2019

Abstract

As housing costs increase, transport congestion worsens and decreased affordability plagues growing cities, more people are considering high-rise living. This research empirically investigates the liveability, applying a nested framework of neighbourhood, building and apartment amenities. the relationship between liveability features, and apartment prices. This empirical analysis uses a bayside municipality as a pilot case study with planned future research to expand to Melbourne. The paper will provide insights into the main liveability elements consumers desire and are willing to pay for in the context of a city in transition to higher density living. This research helps developers in simi..

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