This paper reviews the investment performance of residential property that is located under flight paths to track capital returns over an extended time period.

Increased population growth in major cities also place increased requirements for public and service infrastructure. In many cities worldwide, this increase in population has also resulted in an increase in the demand for air travel and air freight, with a subsequent increase in aircraft movements or the need for additional airports or runways.

Any proposal to increase aircraft movements, develop new runways to increase capacity or the development of new airports results in considerable public comment and concern. A major issue that is raised in such cases is the impact on residential property prices.

This paper reviews the investment performance of residential property that is located under flight paths to track capital returns over an extended time period. The study covers over 50 suburbs in South East Queensland, across two major airports over the period 1988 to 2014 and compares noise affected and non-noise affected locations.



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