Global Finance Unit, Hana Bank, 66 Eulji-ro, Jung-gu, Seoul, 04538, South Korea.
Department of Finance, Deakin Business School, Deakin University Melbourne Burwood Campus, Elgar Road, Burwood, VIC 3125, Australia.
J Environ Manage. 2022 Nov 1;321:115940. doi: 10.1016/j.jenvman.2022.115940. Epub 2022 Aug 24.
Utilizing a unique database of residential real estate transactions, we examine the price change near the boundary of the Bushfire Prone Area (BPA), a planning zone indicating high wildfire risk, after experiencing a salient wildfire event in Australia from 2015 to 2016. While the properties within the BPA are valued more by 1.6%-1.9% in general, home buyers pay less for the properties in the BPA by 0.9%-1.7% after experiencing a salient wildfire event compared with the properties located outside of the BPA. Moreover, the properties in the BPA with greater environmental amenities are more resilient to the impact of wildfire risk salience than the rest BPA, necessitating an analysis of the role of environmental amenities in the research on wildfire risk in the housing market context.
利用一个独特的住宅房地产交易数据库，我们研究了在经历了 2015 年至 2016 年澳大利亚一次显著野火事件后，位于火灾易发区（BPA）边界附近的房价变化情况，BPA 是一个规划区域，表明存在高野火风险。一般来说，BPA 内的房产价值增加了 1.6%-1.9%，但与 BPA 外的房产相比，经历了显著野火事件后，BPA 内的房产买家支付的价格要低 0.9%-1.7%。此外，BPA 内环境设施更好的房产对野火风险凸显的影响更具弹性，这就需要分析环境设施在住房市场背景下野火风险研究中的作用。
