Assault and robbery rates impact high-end property values

Ascot and Chelmer homeowners share a common problem with those in Inala and Cleveland - their property values are affected by changes in rates of personal crimes such as assault and robbery in their suburbs.

But in middle-value , such as Grange and Greenslopes, it is rates of property , such as theft and unlawful entry, that have a greater impact on property prices.

These are the findings of an analysis of 30 Brisbane suburbs' crime rates and over 10 years to 2013 by QUT property economist Professor Chris Eves.

Professor Eves, from QUT's Science and Engineering Faculty, analysed a range of personal and property crime statistics for ten low-, ten middle- and ten high-value suburbs in inner Brisbane, middle ring and outer Brisbane, and compared them with median property prices, sales, and listings.

"The analysis showed a link between changes in and house prices, especially in low and higher value residential property markets, with the greatest impact in the lower value areas," he said.

"Crime and the types of crime vary according to the location of the suburb. 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."

Professor Eves said previous studies had focussed on the effect on residential prices of positive attributes such as schools, transport, views and negatives such as air pollution, and aircraft and vehicle noise.

"Research on the impact of crime on property markets has also been ongoing but not as extensive as that on other property attributes.

"However, such research is likely to increase because social media, 24-hour media coverage of news has brought a general increase in the awareness of reporting and data associated with personal and in particular locations.

"Queensland Police Service set up a website in 2012 that identifies total reported crime, crime type and details of whether they were solved at a general street location level, with the data able to be aggregated on a suburb and police region basis."


Explore further

Flood fear has temporary effect on property prices

Citation: Assault and robbery rates impact high-end property values (2015, May 27) retrieved 23 July 2019 from https://phys.org/news/2015-05-assault-robbery-impact-high-end-property.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
10 shares

Feedback to editors

User comments

Dug
May 27, 2015
Really? You think this is news? Property value decreases associated with high crime - are as old as property and crime. Worse, you need one more repetitive study to confirm this for you? You also found this a topically suitable subject for site called Phys.Org. Someone needs to can Phys.Orgs' management and their unqualified editorial staff.

May 27, 2015
In a city run by 'liberals' for decades:

"Could Baltimore's 16,000 Vacant Houses Shelter the City's Homeless?"
http://www.theatl.../381647/

May 27, 2015
""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."

Oh my, what a good laugh this "research" is. Research this moron, increase the "Personal Crime Rates" in a middle-value suburb and see how quickly it morphs into a low-value suburb.

May 27, 2015
Let's face it everyone wants their person and property to be safe and will pay as much as they can afford to insure this. Thus wealthy, middle class and poor neighborhoods are naturally created. Poverty, drugs and high unemployment do influence the crime rate and types of crime committed.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more