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Market analysis study of the value technology systems to home owners

Mills, Anthony and Williams, Peter 2005, Market analysis study of the value technology systems to home owners, in PRRES 2005 : Proceedings of the 11th Annual Conference of the Pacific Rim Real Estate Society, Pacific Rim Real Estate Society, Adelaide, S. Aust., pp. 1-15.

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Title Market analysis study of the value technology systems to home owners
Author(s) Mills, Anthony
Williams, Peter
Conference name Pacific Rim Real Estate Society. Conference (11th : 2005 : Melbourne, Victoria)
Conference location Melbourne, Vic.
Conference dates 23-27 Jan. 2005
Title of proceedings PRRES 2005 : Proceedings of the 11th Annual Conference of the Pacific Rim Real Estate Society
Editor(s) [Unknown]
Publication date 2005
Conference series Pacific Rim Real Estate Society Conference
Start page 1
End page 15
Publisher Pacific Rim Real Estate Society
Place of publication Adelaide, S. Aust.
Keyword(s) intelligent buildings
building technology
home automation
Summary Smart Technology involves the integration of a variety of home systems including lighting, climate control, security etc. to enhance the comfort, convenience and economy of the home for its users. It is currently unknown if home buyers believe that these systems add value to the home. This study used the market value of home sales and an attitudinal survey of home buyers, to determine the increased value of homes containing Smart Technology. The results demonstrated that a significant price premium was paid by for the incorporation of the technology into new homes. In addition, the research suggests that the use of this technology is not limited to high income earners or other demographic stereotypes. Instead it has broad market appeal and the potential to save energy for the community at large.
Notes Reproduced with the kind permission of the copyright owner.
Language eng
Field of Research 120199 Architecture not elsewhere classified
Socio Economic Objective 970112 Expanding Knowledge in Built Environment and Design
HERDC Research category E1.1 Full written paper - refereed
Copyright notice ©2005, PRRES
Persistent URL http://hdl.handle.net/10536/DRO/DU:30037075

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