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首页> 外文期刊>The Singapore economic review >IMPACT OF WILDFIRES AND FLOODS ON PROPERTY VALUES: A BEFORE AND AFTER ANALYSIS
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IMPACT OF WILDFIRES AND FLOODS ON PROPERTY VALUES: A BEFORE AND AFTER ANALYSIS

机译：野生动植物和洪水对财产价值的影响：前后分析

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摘要

One of the most evident casualties of a natural disaster is the property market. The private and social costs from such events run into millions of dollars. In this paper, we use a unique dataset to examine the impact on residential house prices affected by natural disasters using a hedonic property (HP) values approach. For this purpose, we use data before and after a wildfire and floods from Rockhampton in central Queensland, Australia. The data is unique because one suburb was affected by wildfires and another was affected by floods. For the analysis, three suburbs namely Frenchville, Park Avenue and Norman Gardens are used. Frenchville was significantly affected by wildfires in the latter part of 2009 and to a lesser extent in 2012, while Park Avenue was affected by floods at the end of 2010, January 2011-2013. Norman Gardens, which was relatively unaffected, is used as a control site. This enables us to examine the before and after effects on property values in the three suburbs. The results confirm that soon after a natural disaster property prices in affected areas decrease even though the large majority of individual houses remain unaffected. Furthermore, the results indicate that the largely unaffected suburb may gain immediately after a natural disaster but this gain may disappear if natural disasters continue to occur in the area/region due to the stigma created. The results have several important policy decision and welfare implications which are briefly discussed in the paper.
机译：房地产市场是自然灾害最明显的伤亡之一。这些事件造成的私人和社会成本高达数百万美元。在本文中，我们使用享乐属性（HP）值方法，使用一个独特的数据集来研究自然灾害对住宅房价的影响。为此，我们使用澳大利亚昆士兰州中部Rockhampton发生野火和洪水前后的数据。该数据是唯一的，因为一个郊区受到野火的影响，而另一个郊区则受到洪水的影响。为了进行分析，使用了三个区，即弗朗西维尔，公园大道和诺曼花园。弗朗西维尔（Frenchville）在2009年下半年受到野火的严重影响，在2012年受到的影响较小，而公园大道（Park Avenue）在2010年底（2011-2013年1月）受到洪水的影响。相对不受影响的诺曼花园（Norman Gardens）被用作控制点。这使我们能够检查三个郊区对房地产价值的前后影响。结果证实，在自然灾害发生后不久，受灾地区的房地产价格就下降了，即使绝大多数独立房屋仍未受影响。此外，结果表明，受自然灾害影响较大的郊区可能会在自然灾害发生后立即受益，但如果由于造成的污名而继续在该地区/地区发生自然灾害，则这种收获可能会消失。结果有几个重要的政策决定和福利含义，本文对此进行了简要讨论。

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