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| dc.contributor.author | Rehm, Michael | en |
| dc.contributor.author | Filippova, Olga | en |
| dc.contributor.author | Stone, Jeremy | en |
| dc.date.accessioned | 2012-03-13T23:55:14Z | en |
| dc.date.issued | 2006 | en |
| dc.identifier.citation | Pacific Rim Property Research Journal 12(3):232-253 2006 | en |
| dc.identifier.uri | http://hdl.handle.net/2292/14274 | en |
| dc.description.abstract | This research provides a significant step towards understanding the relationship between house vintage and value. This study analyses residential sales transactions in New Zealand using hedonic pricing models and uncovers evidence that a home,s vintage is a commodity that commands price premiums or discounts. Vintage is found to have a nonlinear influence on sales price and this relationship differs from market to market. In particular, wealthier markets witness a greater vintage effect, with turn-of-the-century homes realising 15% price premiums over new homes. In contrast, less wealthy markets tend to apply discounts of 20% to 40% to houses of the same vintage. | en |
| dc.description.uri | http://www.prres.net/index.htm?http://www.prres.net/Search/PaperSearch.htm | en |
| dc.publisher | Pacific Rim Real Estate Society (PRRES) | en |
| dc.relation.ispartofseries | Pacific Rim Property Research Journal | en |
| dc.rights | Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. | en |
| dc.rights.uri | https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm | en |
| dc.title | The Influence of vintage on house value | en |
| dc.type | Journal Article | en |
| pubs.issue | 3 | en |
| pubs.begin-page | 232 | en |
| pubs.volume | 12 | en |
| dc.rights.holder | Copyright: Pacific Rim Real Estate Society (PRRES) | en |
| pubs.end-page | 253 | en |
| dc.rights.accessrights | http://purl.org/eprint/accessRights/RestrictedAccess | en |
| pubs.subtype | Article | en |
| pubs.elements-id | 69084 | en |
| pubs.org-id | Business and Economics | en |
| pubs.org-id | Property | en |
| pubs.record-created-at-source-date | 2010-09-01 | en |
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