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SUMMARY:Understanding the relationship between land use regulation and hou
 sing markets in Sydney - Professor Heather MacDonald\, University of Techn
 ology Sydney
DTSTART:20151111T160000Z
DTEND:20151111T170000Z
UID:TALK61967@talks.cam.ac.uk
CONTACT:Clare Eaves
DESCRIPTION:Neoliberal state strategies question the extent to which land 
 use planning regulation has distorted the development process\, limiting h
 ousing supply and thus increasing housing prices. Regulation has been crit
 icised as a compelling explanation for worsening housing affordability\, w
 hich in turn is argued to have reduced skilled labour supply and dampened 
 economic growth. In this paper\, we develop a set of regulatory indicators
  based on a large scale survey of local land use controls\, using Principa
 l Components Analysis to investigate how different types of regulation are
  associated in particular localities. Indices capture local government use
  of different types of regulatory approaches\, such as environmental prohi
 bitions versus environmental offsets\, or permissive mixed use zoning vers
 us housing diversity incentives. We use these indicators to investigate th
 e association between land use regulations and housing price changes in Au
 stralia’s most expensive city – Sydney. Housing price trends are estim
 ated using a weighted repeat sales (WRS) analysis of a sample of residenti
 al sales concluded between 2006 and 2011. We investigate the question: how
  do different regulatory approaches affect one key element of affordabilit
 y – the cost of existing housing? The results offer more detailed insigh
 t into the impacts of particular sorts of regulation\, contributing to bro
 ader debates about state- local tensions\, and recent planning reform effo
 rts.  \n\n\nBiography\n\nProfessor Heather MacDonald is Head of the School
  of Built Environment\, in the Faculty of Design Architecture and Building
 \, at UTS (University of Technology Sydney). She received her PhD in Urban
  Planning at Rutgers\, the State University of New Jersey (USA). Her resea
 rch has focused on affordable housing finance\, spatial analysis\, and est
 imating the economic and social impacts of public investments. She has pub
 lished two books on GIS and urban planning (Unlocking the Census with GIS\
 , 2005\, and Urban policy and the Census\, 2011)\, and numerous articles i
 n top-ranked academic journals. Since moving to Sydney in 2008\, she has b
 een Chief Investigator on two Australian Research Council Discovery grants
 . Her recent research has investigated the planning reform process in NSW\
 , the impacts of rail investments on housing prices\, the impact of planni
 ng regulations on housing affordability\, and ethnic discrimination in the
  Sydney rental market. \n 
LOCATION:Mill Lane Lecture Room 1
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