Impact of bus rapid transit on housing price and accessibility changesn in Sydney: A repeat sales approach

摘要

New public transport infrastructure is expected to improve accessibility for local residents, and thus contribute to increased land value. The contribution that a bus rapid transit (BRT) system can make to increased land value is less certain than for rail-based systems, with the literature mostly containing bus-based examples from developing countries with extensive BRT networks. This article considers a BRT system named the Liverpool-Parramatta Transitway (LPT) that was implemented in southwes