How do crime rates affect property prices?
Taking a broader view of investments in justice infrastructure
This technical paper looks at how to capture the wider impacts of crime for cost benefit analyses.
We measure the impacts of property crime and crimes against people on house prices in Melbourne and regional Victoria.
Estimates of this impact can inform government investment in justice infrastructure.
Key findings
- Property crime rates do not influence property prices in Melbourne or regional Victoria.
- More crimes against people per capita does reduce property prices in regional Victoria. There is no such causal link for Melbourne property prices.