The influence of location type on the rail accessibility-property price premium relationship

This study adopts the hedonic pricing model to examine empirically the impact of new rail transport connectivity on residential property premiums in different types of multifaceted urban subcentres. Using this approach, the aim of this study is to assess the context of location in the accessibility-property price premium relationship, which has been largely ignored in previous studies. The author will attempt to show the effect of public investment in rail on property values, while positive, is modified by the extent and variety of locational attributes, which has implications for value capture potential in polycentric urban environments.