This article models median house prices in 626
suburbs across Sydney, using three spatial
hedonic models, and obtains high overall levels
of explanation. Access to the central business
district and the coast, as well as house and lot
sizes, are predictably positive factors. Violent
crime significantly depresses house values.
Access to rail and high-frequency bus services
is weakly significant only when access is
generally poor. However, neither access to a
sub-centre nor housing density was found to
have a separate impact on house prices.
Research using unit record data could refine
the findings of this suburb-level analysis.