How Do Housing Characteristics Affect Residential Properties Prices In Auckland, New Zealand Before and After COVID-19?
| aut.embargo | No | |
| aut.thirdpc.contains | No | |
| dc.contributor.advisor | Pik Yi Cheung, Lydia | |
| dc.contributor.author | Siu, Rosalina | |
| dc.date.accessioned | 2024-07-22T01:55:43Z | |
| dc.date.available | 2024-07-22T01:55:43Z | |
| dc.date.issued | 2024 | |
| dc.description.abstract | My study investigates how housing characteristics affect housing prices on residential properties in Auckland, New Zealand. It also examines the effect of these characteristics on property prices before and after the COVID-19 pandemic. For this purpose, I use a random sample of residential property transactions in Auckland, New Zealand for the years 2016 and 2021. Using hedonic regression models, the results show that each housing characteristic has a unique contribution to a property’s price. They show that every housing characteristic is statistically significant, except for the number of bedrooms in 2016. For 2021, only floor area and land area are statistically significant. The coefficient signs are as expected for almost every housing characteristic. In particular, a 10-meter squared increase in floor area is correlated with around 2.8% increase in the sale price, ceteris paribus. Consumers' willingness to pay has also shifted from 2016, as they are more willing to pay per unit of land area in 2016 than in 2021. | |
| dc.identifier.uri | http://hdl.handle.net/10292/17807 | |
| dc.language.iso | en | |
| dc.publisher | Auckland University of Technology | |
| dc.rights.accessrights | OpenAccess | |
| dc.title | How Do Housing Characteristics Affect Residential Properties Prices In Auckland, New Zealand Before and After COVID-19? | |
| dc.type | Dissertation | |
| thesis.degree.grantor | Auckland University of Technology | |
| thesis.degree.name | Master of Business |