Climate change and the recent rapid expansion of residential areas into rural areas after the outbreak of COVID-19 expose more communities to the wildfire risk. This research adopts a unique database containing house transaction data from near the boundary of the Bushfire Prone Area (BPA), which...

Climate change and the recent rapid expansion of residential areas into rural areas after the outbreak of COVID-19 expose more communities to the wildfire risk. This research adopts a unique database containing house transaction data from near the boundary of the Bushfire Prone Area (BPA), which...

This paper studies the impact of abolishing tram fares in the city center of Melbourne (CBD) on the real estate market. Since January 1, 2015, tram users have not had to pay tram fares within the designated free tram zone. It is found that real estate unit buyers living in the outer fringe of...

We examine the impact of bilingual school designation on the house price by analyzing a natural experiment of school conversion from a monolingual school to bilingual school in Melbourne. We find that the house price within the pertinent school catchment area responds positively by 8.4%-9.1% and...

Since 1998, Singapore has had an Electronic Road Pricing (ERP) system set up with a network of toll gantries to tax vehicles entering designated areas in the city center during peak hours. Using the congestion rate hike with effect from November 1, 2010 as an exogenous shock, we test the effects...

Many countries have adopted lockdown measures to combat the coronavirus (COVID-19) pandemic. The lockdowns in the state of Victoria (VIC), Australia, however, are unique in that the government divides VIC into two distinct areas using Ring of Steel boundary, and consistently places more...