Demand for housing in Victoria: stated preference research

Infrastructure Victoria has published a research report, Our home choices: how more housing options can make better use of Victoria’s existing infrastructure, which offers 10 policy options for the Victorian Government to support more choice for moderate income households who prefer to live in established suburbs, including: fast-tracking planning approval for high-quality townhouses, better standards for low-rise apartments and changes to developer infrastructure contributions.

The report is supported by a major piece of stated preference research conducted by the CIE, which involved a discrete choice experiment survey of more than 6000 Victorian households. The rich models of housing preferences estimated on the survey data were used by the CIE to construct a detailed model of the Victorian housing market that estimates how changes in relative prices are likely to affect demand for over 1000 specific types of housing.

Read more here.