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| Tapsuwan, Sorada; Ingram, Gordon; Brennan, Donna C.. |
| Up to 60% of potable water supplied to Perth in Western Australia is extracted from the Gnangara mound. Many of the urban wetlands above the Mound are groundwater-dependent. Excessive groundwater extraction and climate change have resulted in a decline in water levels in the wetlands. This study estimates the value of urban wetlands in three local government districts in the Perth metropolitan region using the hedonic property price approach. Preliminary results found that proximity to wetlands influences the sales prices of properties. The marginal implicit price of reducing the distance to the nearest wetland by 1 metre, evaluated at the mean sales value, is AU$463. If there is more than one wetland within 1.5 kilometres of a property, the second wetland... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Groundwater; Housing development; Aquifer; Marginal implicit price; Land Economics/Use. |
| Ano: 2007 |
URL: http://purl.umn.edu/10418 |
