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Murders committed in neighbourhood streets deflate the price of all local homes

Streets in which murders have occurred experience major value decreases across all homes.

Researchers from the University of Technology, Sydney, found houses within 160 metres of a house in which a murder was committed will experience a fall in price of the same amount as every other house.

However, intense media coverage does not affect the prices over time. Furthermore, studies also showed house prices fall by 3.9 per cent for homes within 320 metres of a murder, but with a decreased drop in the second year after the murder.

Read more at University of Technology Sydney

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