Homeownership risk tolerance in a growing metropolis

Elliott, Peter, Huston, Simon and Han, Hoon (2010). Homeownership risk tolerance in a growing metropolis. In: Proceedings from the PRRES Conference 2010: The 16th Annual Conference of the Pacific Rim Real Estate Society. PPRES 10: The 16th Annual Conference of the Pacific Rim Real Estate Society, Wellington, N.Z., (1-23). 24-27 January 2010.

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Name Description MIMEType Size Downloads
Author Elliott, Peter
Huston, Simon
Han, Hoon
Title of paper Homeownership risk tolerance in a growing metropolis
Conference name PPRES 10: The 16th Annual Conference of the Pacific Rim Real Estate Society
Conference location Wellington, N.Z.
Conference dates 24-27 January 2010
Convener Pacific Rim Real Estate Society (PRRES)
Proceedings title Proceedings from the PRRES Conference 2010: The 16th Annual Conference of the Pacific Rim Real Estate Society
Place of Publication New Zealand
Publisher Pacific Rim Real Estate Society
Publication Year 2010
Sub-type Fully published paper
Start page 1
End page 23
Total pages 23
Collection year 2011
Language eng
Abstract/Summary Infrastructure, such as new power lines or urban renewal projects, disrupts housing consumption services but can enhance investment returns. The paper investigates how disturbance risk appetite varies spatially. It conducts a preliminary study of two diverse locations in Brisbane, Australia. Risk appetite of peri-urban homeowners is inferred from a focus group study. The risk appetite of centrally-located home buyers is derived from a survey. The results suggest that homeowners in central locations tolerate disturbance better than peri-urban ones, presumably in the expectation of compensating financial gain. The policy implication is that project evaluation should consider the spatial variation of risk appetite.
Subjects 1504 Commercial Services
Keyword Risk appetite
Disturbance
Infrastructure
Focus group
Urban renewal
Q-Index Code E1
Q-Index Status Confirmed Code
Institutional Status UQ
Additional Notes Presented during Parallel session 1A: "Housing Market Analysis". Paper published in the Proceedings as "Homeowner risk appetite in a growing metropolis". Author prepress title: "Homeownership Risk Appetite: Disruption Risk in a Growing Sunbelt Metropolis".

 
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Created: Fri, 01 Oct 2010, 10:11:25 EST by Jon Swabey on behalf of UQ Business School