Upzoning and land value

REDRAWN FROM STUDY DATAFigure 2 · Price appreciation by zoning intensity

Figure 2 · Price appreciation by zoning intensity. Values digitized from Figure 2 in the archived publication; minor reading error is possible.
Redevelopment intensity	Terrace housing zone	Mixed housing urban	Mixed housing suburban	Single-house zone
0	10	8	6	4
0.5	8.5	7	5.5	4
1	7	6	5	4
1.5	5.5	5	4.5	3.9
2	4	4	4	3.9
2.5	2.5	3	3.5	3.8
3	1	2	3	3.8

Share the evidence

Auckland's price response depended on how much extra capacity a site gained.

Expected appreciation declines with intensity in the most permissive zones but is flatter in the single-house zone.

Source: Greenaway-McGrevy, Pacheco & Sorensen (2021)
Figure: Figure 2 · Price appreciation by zoning intensity · Figure 2; PDF p. 12
Redraw data: Values digitized from Figure 2 in the archived publication; minor reading error is possible.
Keep in mind: This is an early land-price response, not a rent effect; redevelopment potential can be capitalized into land values.

View values used in redraw

Values used to redraw Figure 2 · Price appreciation by zoning intensity
Redevelopment intensity	Terrace housing zone	Mixed housing urban	Mixed housing suburban	Single-house zone
0	10	8	6	4
0.5	8.5	7	5.5	4
1	7	6	5	4
1.5	5.5	5	4.5	3.9
2	4	4	4	3.9
2.5	2.5	3	3.5	3.8
3	1	2	3	3.8

Redevelopment intensity	Terrace housing zone	Mixed housing urban	Mixed housing suburban	Single-house zone
0	10	8	6	4
0.5	8.5	7	5.5	4
1	7	6	5	4
1.5	5.5	5	4.5	3.9
2	4	4	4	3.9
2.5	2.5	3	3.5	3.8
3	1	2	3	3.8

Redevelopment intensity	Terrace housing zone	Mixed housing urban	Mixed housing suburban	Single-house zone
0	10	8	6	4
0.5	8.5	7	5.5	4
1	7	6	5	4
1.5	5.5	5	4.5	3.9
2	4	4	4	3.9
2.5	2.5	3	3.5	3.8
3	1	2	3	3.8

Redevelopment intensity	Terrace housing zone	Mixed housing urban	Mixed housing suburban	Single-house zone
0	10	8	6	4
0.5	8.5	7	5.5	4
1	7	6	5	4
1.5	5.5	5	4.5	3.9
2	4	4	4	3.9
2.5	2.5	3	3.5	3.8
3	1	2	3	3.8

Redevelopment intensity	Terrace housing zone	Mixed housing urban	Mixed housing suburban	Single-house zone
0	10	8	6	4
0.5	8.5	7	5.5	4
1	7	6	5	4
1.5	5.5	5	4.5	3.9
2	4	4	4	3.9
2.5	2.5	3	3.5	3.8
3	1	2	3	3.8

Redevelopment intensity	Terrace housing zone	Mixed housing urban	Mixed housing suburban	Single-house zone
0	10	8	6	4
0.5	8.5	7	5.5	4
1	7	6	5	4
1.5	5.5	5	4.5	3.9
2	4	4	4	3.9
2.5	2.5	3	3.5	3.8
3	1	2	3	3.8

Redevelopment intensity	Terrace housing zone	Mixed housing urban	Mixed housing suburban	Single-house zone
0	10	8	6	4
0.5	8.5	7	5.5	4
1	7	6	5	4
1.5	5.5	5	4.5	3.9
2	4	4	4	3.9
2.5	2.5	3	3.5	3.8
3	1	2	3	3.8