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The Value of an Ocean View: an Example of Hedonic Property Amenity Valuation.
- Source :
- Australian Geographical Studies; Mar1998, Vol. 36 Issue 1, p94, 5p, 4 Charts
- Publication Year :
- 1998
-
Abstract
- This paper presents a method of quantifying variation in quality in an amenity as a component of an hedonic property amenity valuation. The paper considers the residential land amenity of an ocean view, a situation where there is typically substantial variation in the quality of the view between sites. The method is effectively a scoring system based on three sub-characteristics of the ocean view. It is illustrated by application to a coastal housing subdivision in Western Australia. The results provide an estimate of the increase in the sale price of a site attributable to the quality of the site's ocean view. The method has a potential role in coastal land use management decisions. [ABSTRACT FROM AUTHOR]
- Subjects :
- VALUATION
REAL property
Subjects
Details
- Language :
- English
- ISSN :
- 00049190
- Volume :
- 36
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Australian Geographical Studies
- Publication Type :
- Academic Journal
- Accession number :
- 4336388
- Full Text :
- https://doi.org/10.1111/1467-8470.00041