ABSTRACT
The chapter describes the creation and application of a rapid spatial analysis decision-support platform using a case study of train infrastructure in the western suburbs of Sydney, Australia. The platform organises diverse data sets into a coherent, property level database, uses that database to generate a hedonic price model, determining the impact of transport infrastructure on property prices, and estimates the value uplift generated by a hypothetical train line based on the hedonic price model. The chapter outlines the development and implementation of a prototype toolkit, known as the Rapid Analytics Interactive Scenario Explorer toolkit. The toolkit uses hedonic price modelling to quantify the impact of transport infrastructure on residential property prices, then uses this modelling to rapidly estimate changes in property values during the exploration of different hypothetical scenarios of new infrastructure provision. Hedonic price modelling is a commonly accepted and longstanding technique in land and property market analysis.
