The establishment or improvement of transportation infrastructure leads to growth of local housing price that rationalizes adopting the value capture model to finance the construction via recovering some or all of the value that public infrastructure generates from private landowners. Existing literature has confirmed the feasibility of adopting value capture in high-density cities or countries like Singapore, Japan and Hong Kong. However, very few studies have investigated the feasibility of value capture in countries like Australia with low-density suburban/urban features. There are thus several questions regarding the reliability and transferability of the value capture models that are currently used overseas. This proposed PhD project will contribute to the much-needed empirical evidence regarding value capture modelling in funding Australian infrastructure.
This proposed PhD project will contribute to the much-needed empirical evidence regarding value capture modelling in funding Australian infrastructure by investigating the following questions:
- How to improve the accuracy of estimating the value-uplift generated by infrastructure by factoring in the architectural design and construction technics, especially in an Australian context?
- How to improve the value-uplift brought by infrastructure and enhance the feasibility of value capture from the perspectives of architectural design, construction management, and construction technics?
- How to improve the implementation of value capture in funding infrastructure in an Australian context?
Applications close 5pm, Monday 7 February 2022
This scholarship is available over 3 years.
- Stipend of $28,900 per annum tax exempt (2022 rate)
- Relocation allowance of $500-1500 (for single to family) for students moving from interstate
- International students only: Tuition fees offset
for the duration of 4 years. Single Overseas Student Health Cover policy for the duration of the student visa.
To be eligible you must:
- be either a domestic or international candidate currently residing in Australia. Domestic includes candidates with Australian Citizenship, Australian Permanent Residency or New Zealand Citizenship.
- meet Deakin's PhD entry requirements
- be enrolling full time and hold an honours degree (first class) or an equivalent standard master's degree with a substantial research component.
Please refer to the research degree entry pathways page for further information.
Additional desirable criteria include:
- Completed research degree (honours or masters) with an 80% grade;
- Intellectually curious, with strong academic background in Property & Real Estate, Finance, Economics, Mathematics, Statistics or Civil Engineering while also demonstrating potential to complete PhD-level courses in Finance and Economics to a high standard;
- Strong referee letters that are able to rank the candidate relative to their peers and also relative to previous cohorts;
- Ability to clearly articulate contributions and gaps in one’s own research work as well as the research work embodied in key papers in the academic literature within one’s field of interest;
How to apply
Please apply using the expression of interest form