"City proximity, travel modes and house prices: the three cities in Syd" by Shanaka Herath and Ajith Shamila Jayasekare
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 sp...
Source: uow.edu.au