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Abstract
House prices are partly explained by proximity to the urban centre. Generally, and for simplicity, proximity is measured via straight-line distance (i.e., ‘as the crow flies’). However, distance between two points in space can be mainly conceptualised in three ways straight-line, road-network and travel time-related overland. Therefore, the particular distance measure that portrays ‘reality’ as closely as possible in a given study is context-specific. We examine the implications of using different distance measures when analysing house prices. This Sydney case study used spatial econometric techniques as a robust mechanism to compare different distance measures. The disaggregated analysis of the three city regions confirmed that distinct distance metrics have specific effects on house prices. Including in the modelling process how residents perceive and value their proximity seems to improve the accuracy of ‘city centre effects’. A separate section links t ....

New South Wales , Euclidean Distance , House Price , Oad Network Distance , Spatial Econometrics , Gravel Mode , Travel Time , புதியது தெற்கு வேல்ஸ் ,