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Cities often show residential income segregation, and the price of housing is generally related to employment accessibility, but how do these factors intersect? We analyse Greater Sydney, Australia, a metropolitan area of 5 million people. Sydney is found to have reasonably even employment accessibility by car, reflecting the increasingly polycentric nature of the modern city; however, it also shows considerable income segregation and variance in property prices between different parts of the city. Entropy is used to examine diversity and mixing of different income groups. Finally, hedonic price models using ordinary-least squares and geographically-weighted regression techniques show the differing effects of employment accessibility on house prices in different parts of the city. The results show that accessibility has small to negative effects on prices in the most valuable areas, suggesting that other effects such as recreational access and employment type/quality may be more important determinants of house prices in these areas.

Over the last decade, the emergence and significant growth of home-sharing platforms, such as Airbnb, has coincided with rising housing unaffordability in many global cities. It is in this context that we look to empirically assess the impact of Airbnb on housing prices in Sydney—one of the least affordable cities in the world. Employing a hedonic property valuation model, our results indicate that Airbnb’s overall effect is positive. A 1% increase in Airbnb density is associated with approximately a 2% increase in property sales price. However, recognizing that Airbnb’s effect is geographically uneven and given the fragmented nature of Sydney’s housing market, we also employ a GWR to account for the spatial variation in Airbnb activity. The findings confirm that Airbnb’s influence on housing prices is varied across the city. Sydney’s northern beaches and parts of western Sydney experience a statistically significant value uplift attributable to Airbnb activity. However, traditional tourist locations focused around Sydney’s CBD and the eastern suburbs experience insignificant or negative property price impacts. The results highlight the need for policymakers to consider local Airbnb and housing market contexts when deciding the appropriate level and design of Airbnb regulation.