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Expense of city houses offset by transport costs

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New Zealand News | Tuesday February 11 2014 19:16

Expense of city houses offset by transport costs

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Calls are being made to take transport costs into account when assessing housing affordability.

New research published by a couple of researchers from the University of Otago indicates the lower transportation costs of inner-city living can offset the traditionally higher housing prices found in the city.

The paper, titled 'Housing and Transport Expenditure: socio-spatial indicators of affordability in Auckland' argues that policy-makers need to take this into account to find other solutions to the continual urban expansion.

It concludes that greater densities in neighbourhoods close to employment hubs would help push for improved public transportation and would also lower housing prices.

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