ABSTRACT

Does planning for higher density increase housing development and decrease prices? We study nineteen repeatedly upzoned densification areas in Brisbane, Australia. We create a site-level dataset on dwelling stock, planning regulations, and prices, comprising all 25,775 sites in these areas. Only 2% of the zoned capacity was used in any five-year period. Zoned capacity doubled over the twenty-year study period, but 78% of sites with zoned capacity in the first period remained undeveloped. Higher rates of new housing supply are robustly related to higher prices. Zoned capacity has no relationship to price across numerous regression models.

摘要

更高密度的规划是否会增加住房开发并降低价格？我们研究了澳大利亚布里斯班 19 个反复升级的致密化区域。我们创建了一个关于住宅存量、规划法规和价格的站点级数据集，包括这些地区的所有 25,775 个站点。在任何五年期间，仅使用了分区容量的 2%。在 20 年的研究期间，分区容量翻了一番，但第一阶段 78% 的分区容量站点仍未开发。新住房供应率的提高与房价的上涨密切相关。在众多回归模型中，分区容量与价格没有关系。