Perceived safety of dwelling location or construction
WTP (throuh property pricing) to avoid the risk of flood for high income suburbs Flood
WTP DetailsHazard types identified
Flood
Specific Value Type measured
Perceived safety
Currency Year - original study
WTP estimate - original study value
n/a see additional notes column
Currency - original study
AUD
WTP converted to $AU in original year from the study
$0.00 AUD
WTP measure
Mean
Other variables that significantly explain WTP
Various house characteristics, neighbourhood characteristics, located in or out of flood-affected zones, distance to nearest river and elevation Study DetailsValue type applicable
Safety
Study conducted in the context of a natural hazard?
Yes
Study quality
Average
Benefits transfer applicability
High
Recommendations
Useful for BT in Australia - in NH context - and be aware of/adjust for population differences MethodsData collection method used
Hedonic pricing
Analysis model
n/a
Modelled number of individuals
n/a
Modelled number of observations
946
Sample CharacteristicsCountry/region studied
Brisbane, Queensland
Country of source studies
Australia
Sampled population
Properties in high income suburbs
Range in years of data
2006-2013
Mean sample age
n/a
Percent Male
n/a
Percent Female
n/a
Mean sample income
n/a
Income units
n/a
PublicationFlood risk information, actual floods and property values: a quasi-experimental analysisRajapaksa, D., Wilson, C., Managi, S., Hoang, V., Lee, B. 2016. Flood risk information, actual floods and property values: a quasi-experimental analysis. Economic Record. 92: 52-67.
Citation
Rajapaksa, et al. 2016
Year published
Peer reviewed?
Yes
Journal name
Economics Record
Additional informationNotes on this study
Property prices were compared before and after the Brisbane flood in 2011, based on whether they were located in or out of a flood affected area (as determined by flood-zone maps). The flood decreased the average house values by 7% in high income areas. This percentage reduction could be used to adjust housing prices for other areas. |
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WTP (throuh property pricing) to avoid the risk of flood for low income suburbs Flood
WTP DetailsHazard types identified
Flood
Specific Value Type measured
Perceived safety
Currency Year - original study
WTP estimate - original study value
n/a see additional notes column
Currency - original study
AUD
WTP converted to $AU in original year from the study
$0.00 AUD
WTP measure
Mean
Other variables that significantly explain WTP
Various house characteristics, neighbourhood characteristics, located in or out of flood-affected zones, distance to nearest river and elevation Study DetailsValue type applicable
Safety
Study conducted in the context of a natural hazard?
Yes
Study quality
Average
Benefits transfer applicability
High
Recommendations
Useful for BT in Australia - in NH context - and be aware of/adjust for population differences MethodsData collection method used
Hedonic pricing
Analysis model
n/a
Modelled number of individuals
n/a
Modelled number of observations
1399
Sample CharacteristicsCountry/region studied
Brisbane, Queensland
Country of source studies
Australia
Sampled population
Properties in low income suburbs
Range in years of data
2006-2013
Mean sample age
n/a
Percent Male
n/a
Percent Female
n/a
Mean sample income
n/a
Income units
n/a
PublicationFlood risk information, actual floods and property values: a quasi-experimental analysisRajapaksa, D., Wilson, C., Managi, S., Hoang, V., Lee, B. 2016. Flood risk information, actual floods and property values: a quasi-experimental analysis. Economic Record. 92: 52-67.
Citation
Rajapaksa, et al. 2016
Year published
Peer reviewed?
Yes
Journal name
Economics Record
Additional informationNotes on this study
Property prices were compared before and after the Brisbane flood in 2011, based on whether they were located in or out of a flood affected area (as determined by flood-zone maps). The flood decreased the average house values by 6% in low income areas. This percentage reduction could be used to adjust housing prices for other areas. |
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WTP (throuh property pricing) to avoid the risk of wildfire Fire
WTP DetailsHazard types identified
Fire
Specific Value Type measured
Perceived safety
Currency Year - original study
WTP estimate - original study value
$22,606 per property (and see additional notes column)
Currency - original study
AUD
WTP converted to $AU in original year from the study
$22,606.00 AUD
WTP measure
Mean
Other variables that significantly explain WTP
Various house characteristics, distance to school and park, occurance of wildfire, distance to wildfire Study DetailsValue type applicable
Safety
Study conducted in the context of a natural hazard?
Yes
Study quality
Average
Benefits transfer applicability
High
Recommendations
Useful for BT in Australia - in NH context - and be aware of/adjust for population differences
MethodsData collection method used
Hedonic pricing
Analysis model
Log linear hedonic model
Modelled number of individuals
n/a
Modelled number of observations
735
Sample CharacteristicsCountry/region studied
Rockhampton, Queensland
Country of source studies
Australia
Sampled population
Sold properties, Frenchville
Range in years of data
2006-2013
Mean sample age
n/a
Percent Male
n/a
Percent Female
n/a
Mean sample income
n/a
Income units
n/a
PublicationThe impact of wildfires and floods on property values: a before and after analysisAthukorala, W. Martin, Neelawla, P., Rajapaksa, D., Wilson, C. 2016. The impact of wildfires and floods on property values: a before and after analysis. The Singapore Economic Review. 61.
Citation
Athukorala, et al. 2016
Year published
Peer reviewed?
Yes
Journal name
The Singapore Economic Review
Additional informationNotes on this study
The wildfire adjacent to the surburb Frenchville occurred in 2009. Wildfires decreased the average house values by 6.1% in 2011 when compared to the average house prices in 2009. This percentage reduction could be used to adjust housing prices for another area, rather than the WTP estimate itself. |