Is this an independent study?
We commissioned the Queensland University of Technology to produce a property values study as it has undertaken numerous studies of this type for other Australian airports. The study is independent and is a rigorous analysis of objective and publicly-sourced data related to residential property values. It is one of the most comprehensive studies of its type ever undertaken in Australia.
Can I access the data that was used for the study?
How can you predict what will happen to property values under future flight paths that are not yet operational?
Melbourne Airport has been growing over the past two decades. In the 25 year period that was used to assess the property values, aircraft movements have more than doubled from 102,000 annually to 250,000 annually. This helps to predict future trends. The study clearly shows that property values have continued to rise over time, even in areas affected by aircraft noise. It highlights that property values are influenced by a range of factors and that aircraft noise alone will not determine a property value. The study found that some suburbs exposed to aircraft noise have even experienced higher growth in value compared to non-affected suburbs.
Why was this study done?