CRIME RATES HIT LOWER VALUE BRISBANE PRICES

Written on the 28 May 2015

CRIME RATES HIT LOWER VALUE BRISBANE PRICES

THE connection between crime rates in a suburb and house prices has a greater impact in lower value areas, according to QUT.

A study conducted by the university found personal crimes including assault and robbery have affected property values in Ascot and Chelmer, to the same extent as Inala and Cleveland.

However middle value suburbs like Grange and Greenslopes, property crime such as theft and unlawful entry have a greater impact on property prices.

QUT property economist Professor Chris Eves (pictured) analysed the crime rates and housing prices of 30 suburbs in Brisbane, over 10 years to 2013.

He says the results show a stronger connection between the two in low and higher end residential property markets, with the greatest impact in lower value areas.

"Crime rates and the types of crime vary according to the location of the suburb," Eves says.

"Crime is higher in the outer low value suburbs and the CBD fringe suburbs where personal crimes such as assault, robbery and drug offences are higher.

"Personal crime does not have the same impact in the middle value suburbs of Brisbane, where property crimes appear to have a greater effect on prices.

"In the inner city's high value and middle value suburbs however, property damage and unlawful entry are of greater concern."

Eves says traditionally studies tend to focus on the impact of infrastructure, transport, air pollution and vehicle noise on residential prices.

Research on the impact of crime is expected to increase with the emergence of news-on-demand and social media boosting awareness of criminal acts in particular suburbs.


Latest News

THE STAR'S STUNNING ANSWER TO CROWN'S BARANGAROO

THE Star Entertainment Group (ASX:SGR), not to be outdone by James Packer's Barangaroo development across the ...

BRISBANE COAL TERMINAL REOPENS AFTER SHIPLOADER REPAIR

COAL loading has recommenced at New Hope's (ASX: NHC) Brisbane terminal today after repairs to its ship loader, w...

SUPERYACHTS OFFER UNTAPPED POTENTIAL AT COMMONWEALTH GAMES

SUPERYACHT Australia has devised a strategy to attract more superyachts to Queensland and capitalise on revenue op...

GDP FIGURES A 'WAKEUP CALL' FOR PARLIAMENT

THE GDP figures are an end-of-year wakeup call for Parliament about what lies ahead for the country, according to ...

Related News

HOW MCDONALD'S AUSTRALIA REDISCOVERED ITS INNOVATIVE SPIRIT

MCDONALD'S is such a ubiquitous part of the Australian landscape today that it is easy to forget how it change...

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter