The before and after effect of the Olympic games on the host city's property market : the Sydney experience

Wu, Hao and Reed, Richard 2006, The before and after effect of the Olympic games on the host city's property market : the Sydney experience, Australian planner, vol. 43, no. 2, pp. 28-35.

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Title The before and after effect of the Olympic games on the host city's property market : the Sydney experience
Author(s) Wu, Hao
Reed, Richard
Journal name Australian planner
Volume number 43
Issue number 2
Start page 28
End page 35
Publisher Taylor & Francis
Place of publication Abingdon, England
Publication date 2006-06
ISSN 0729-3682
2150-6841
Summary This research evaluated the impact of the Olympic Games on the host city's residential property market, both before and after the Games. Using a time  series approach between 1990 and 2003, this paper examines various indicators to measure the effect of the 2000 Olympics on the Sydney property market. The research shows that although the Olympics were held for only ten days, its influence on the surrounding market in a direct and indirect manner was substantial. It appears that the lasting effect of the Games on the property market remained strongest in the general vicinity of the Olympic Village, and then gradually weakened over time in areas located further away from this precinct. It emphasised the role of urban planning both before and after the event, and how to use a major sporting event to gentrify a suburb.
Language eng
Field of Research 120199 Architecture not elsewhere classified
HERDC Research category C1.1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30022151

Document type: Journal Article
Collection: School of Architecture and Built Environment
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