A range of factors influencing Sydney dwelling sale prices

Ilozor, Ben, Ilozor, Doreen, Okoroh, Michael and Egbu, Charles 2003, A range of factors influencing Sydney dwelling sale prices, in AUBEA 2003 : working together : proceedings of the 28th annual conference of the Australasian Universities' Building Educators Association, Deakin University, Geelong, Vic., pp. 223-230.

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Title A range of factors influencing Sydney dwelling sale prices
Author(s) Ilozor, Ben
Ilozor, Doreen
Okoroh, Michael
Egbu, Charles
Conference name Australasian Universities' Building Educators Association. Conference (28th : 2003 : Geelong, Victoria)
Conference location Geelong, Victoria
Conference dates 9 -11 Jul. 2003
Title of proceedings AUBEA 2003 : working together : proceedings of the 28th annual conference of the Australasian Universities' Building Educators Association
Editor(s) Langston, Craig
Publication date 2003
Conference series Australasian Universities' Building Educators Association Conference
Start page 223
End page 230
Total pages 8 p.
Publisher Deakin University
Place of publication Geelong, Vic.
Summary This paper presents findings from an evaluation of a range of factors considered to influence dwelling sale prices in Sydney. The aim is to determine whether factors such as dwelling type, location, population structure and sales transaction type. significantly influence dwelling sale prices in Sydney. A review of the local market literature reveals that this belief has not been validated in the recent times. Hence, some of these factors may be inadequately exploited by dwelling investors. A sample of 33 dwelling Units from eight randomly selected suburbs located within 20kms of the Sydney Central Business District (CBD) was studied, and data analysed using simple Pearson's correlation. Significant associations were only found between Australian-born population proportion and dwelling type, and the sale prices. Hence, within the scope and methodology limitations. This paper concludes that, while dwelling type and Australian-born population proportion of a suburb are significantly associated with dwelling sale prices, location. population density and sales transaction type, are virtually not, as earlier held. The implication is for the amount of effort expended on location models, sales transaction marketing and population size studies. to be reviewed, at least, in relation to dwellings. This message resonates to cities and locations of similar characteristics as Sydney.
ISBN 0958192510
9780958192514
Language eng
Field of Research 120201 Building Construction Management and Project Planning
Socio Economic Objective 879999 Construction not elsewhere classified
HERDC Research category E1 Full written paper - refereed
Persistent URL http://hdl.handle.net/10536/DRO/DU:30004956

Document type: Conference Paper
Collection: School of Architecture and Built Environment
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