Building age, depreciation and real option value – an Australian case study
This paper examines the influence of building age as a measure of depreciation and real option (redevelopment) value within a large Australian housing market. A number of authors have proposed that building age used as an independent variable in hedonic analysis of housing markets can proxy for othe...
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| Format: | Conference Paper |
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Pacific Rim Real Estate Society Conference
2012
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| Online Access: | http://www.prres.net/papers/Costello_Building_Age_Depreciation_real_option_value.pdf http://hdl.handle.net/20.500.11937/36580 |