Changed
Changed
Thu, 21/01/2021 - 11:58
In 2013, BAC commissioned the Queensland University of Technology (QUT) to undertake a long-term study to explore the potential impact of aircraft noise on Brisbane residential property prices in response to community concerns about the impact of flight paths and aircraft noise on property value.
The report "Impact of Aircraft Noise on Brisbane Residential Property Sectors" analyses the investment performance of 53 suburbs across Brisbane under current and future flight paths. The suburbs identified in the study are subject to a range of exposures to aircraft noise from existing and future runway operations at Brisbane Airport.
Commissioned in 2013, the first study undertakes an historical analysis from 1988-2013 (1988, being the year the current Airport opened). Updated each year, the report currently analyses 31 years of historical sales data for property in Brisbane (1988-2018).
This report is reviewed and updated annually by the original authors; Professor Chris Eves (RMIT) and Dr Andrea Blake (QUT), and is considered one of the most comprehensive long-term studies of the impact of aircraft noise on residential property value undertaken globally.
The most recent report (1988-2019) concludes that
“Even when analysing on an annual basis, suburbs subject to aircraft noise can still outperform suburbs with minimal or no aircraft noise affect due to overriding value factors such as services, proximity to CBD, good transport and recreation facilities.” and “Inner-city suburbs located under the current flight paths are still recording average annual capital returns between 8% and 10%, well above the Brisbane median house price average annual return of 6.82%. Location to the CBD continues to be a predominant driver of value for residential property in Brisbane.”
The original report (1988-2013) and each annual update can be downloaded below:
Original Report