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Associate Professor Iqbal Syed staff profile picture

Contact details +6492136161

Associate Professor Iqbal Syed PhD

Associate Professor

Doctoral Supervisor
School of Economics and Finance

Iqbal Syed works primarily in the areas of economic measurements, index numbers, urban economics, and property economics and finance. He has developed econometric methodologies for measuring productivity and inflation for residential and commercial property markets, and supermarket and high-tech product markets. He has worked on housing markets, investigating property valuations in relation to equilibrium using price-to-rent ratios, price and rent indexes, and the user cost formula. His current research includes the investigation of links between property markets and credit markets, investments, taxation, incomes, financial stability and the macroeconomy.

Iqbal is a member of the Research Committee at the School of Economics and Finance (SEF) and of the Academic Programme Committee at the School of Built Environment, and is the seminar coordinator for SEF (Auckland). Prior to joining Ƶ in 2017, Iqbal was a Research Fellow at the UNSW Business School, University of New South Wales, Australia, and was previously a Lecturer in Economics at the University of Dhaka, Bangladesh. He received his PhD in Economics from the University of New South Wales in 2008.

Iqbal has published in journals such as Energy Economics, Economic Inquiry, Journal of Econometrics, Regional Science and Urban Economics, the Review of Income and Wealth (ROIW), and the Journal of Housing Economics. One of his papers was awarded the Kendrick Prize for best paper published in 2016 in ROIW. Iqbal’s research has direct applications for private data compilers, central banks, national statistics agencies, and international organisations such as the OECD and the World Bank. He has been consulted on price indexes, productivity and efficiency measurements by the Australian Bureau of Statistics (ABS), APM, CorVal/RF Capital, Moody’s Analytics, MSCI, Reserve Bank of Australia, StatsNZ, Statistics Netherlands, and the World Bank. A consultancy with the International Comparisons Program (ICP) at the World Bank led to a significant contribution to ICP purchasing power parity calculations.

In recent years, Iqbal’s research has focussed on property finance and investments, and urban economics. In one of his ongoing studies, Iqbal is developing methodologies for constructing commercial property price indexes that measure depreciation, productivity and investment value changes in the sector more accurately. In another study, he has been examining the dynamics of land prices in China in order to better understand the political economy of land markets and urban growth in China. Further to a paper he published in 2016, Iqbal is working on improving the measurement of house owners’ rental yields and user costs in order to assess the deviation of the housing market from equilibrium.

Iqbal currently teaches property finance and investment courses at Ƶ. He supervises Masters students and PhD candidates working on issues in property economics and finance, including: implications of property taxes on property markets, exploring innovative financing mechanisms for commercial properties, housing affordability and deviation of property markets from their fundamentals, and spillovers between housing and other markets. Iqbal welcomes candidates seeking supervision in property market research, especially those with a particular interest in topics related to property economics, finance and investments.

Iqbal Syed works primarily in the areas of economic measurements, index numbers, urban economics, and property economics and finance. He has developed econometric methodologies for measuring productivity and inflation for residential and commercial property markets, and supermarket and high-tech product markets. He has worked on housing markets, investigating property valuations in relation to equilibrium using price-to-rent ratios, price and rent indexes, and the user cost formula. His current research includes the investigation of links between property markets and credit markets, investments, taxation, incomes, financial stability and the macroeconomy.

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Professional

Qualifications

  • Doctor of Philosophy - University of New South Wales (2008)

Certifications and Registrations

  • Licence, Supervisor, Ƶ

Research Expertise

Research Interests

Applied econometrics; Measurement economics; Index numbers

Property economics and finance; Urban economics

Thematics

Resource Development and Management

Area of Expertise

Field of research codes
Applied Economics (140200):
Built Environment And Design (120000):
Econometric and Statistical Methods (140302): Econometrics (140300): Economics (140000):
Housing Markets, Development, Management (120503):
Urban and Regional Economics (140218):
Urban and Regional Planning (120500)

Research Outputs

Journal

Nguyen, TTH., Balli, F., Balli, HO., & Syed, I. (2022). Direct real estate, securitized real estate, and equity market dynamic connectedness. Applied Economics. 54(23), 2658-2677
[Journal article]Authored by: Balli, F., Ozer Balli, H., Syed, I.
Nguyen, TTH., Balli, HO., Balli, F., & Syed, IA. (2022). Immigration and regional housing markets: prices, rents, price-to-rent ratios and disequilibrium. Regional Studies. 56(3), 420-432
[Journal article]Authored by: Balli, F., Ozer Balli, H., Syed, I.
Nguyen, TTH., Naeem, MA., Balli, F., Balli, HO., & Syed, I. (2021). Information transmission between oil and housing markets. Energy Economics. 95
[Journal article]Authored by: Balli, F., Ozer Balli, H., Syed, I.
Balli, F., Nguyen, TTH., Balli, HO., & Syed, I. (2020). Consumption smoothing and housing capital gains: evidence from Australia, Canada, and New Zealand. Applied Economics. 52(56), 6145-6161
[Journal article]Authored by: Balli, F., Ozer Balli, H., Syed, I.
Montgomery, N., Squires, G., & Syed, I. (2018). Disruptive potential of real estate crowdfunding in the real estate project finance industry: A literature review. Property Management. 36(5), 597-619
[Journal article]Authored by: Syed, I.
Syed, IA., & De Haan, J. (2017). AGE, TIME, VINTAGE, AND PRICE INDEXES: MEASURING THE DEPRECIATION PATTERN OF HOUSES. ECONOMIC INQUIRY. 55(1), 580-600
[Journal article]Authored by: Syed, I.
Melser, D., & Syed, IA. (2017). The product life cycle and sample representativity bias in price indexes. APPLIED ECONOMICS. 49(6), 573-586
[Journal article]Authored by: Syed, I.
Melser, D., & Syed, IA. (2017). The product life cycle and sample representativity bias in price indexes. Applied Economics. 49(6), 573-586 Retrieved from http://dx.doi.org/10.1080/00036846.2016.1203060
[Journal article]Authored by: Syed, I.
Syed, IA., & De Haan, J. (2017). Age, time, vintage, and price indexes: Measuring the depreciation pattern of houses. Economic Inquiry. 55(1), 580-600 Retrieved from http://onlinelibrary.wiley.com/doi/10.1111/ecin.12383/epdf
[Journal article]Authored by: Syed, I.
Hill, RJ., & Syed, IA. (2016). Hedonic price-rent ratios, user cost, and departures from equilibrium in the housing market. REGIONAL SCIENCE AND URBAN ECONOMICS. 56, 60-72
[Journal article]Authored by: Syed, I.
Fox, KJ., & Syed, IA. (2016). Price discounts and the measurement of inflation. JOURNAL OF ECONOMETRICS. 191(2), 398-406
[Journal article]Authored by: Syed, I.
Melser, D., & Syed, IA. (2016). Life Cycle Price Trends and Product Replacement: Implications for the Measurement of Inflation. REVIEW OF INCOME AND WEALTH. 62(3), 509-533
[Journal article]Authored by: Syed, I.
Melser, D., & Syed, IA. (2016). Life cycle price trends and product replacement: Implications for the measurement of inflation. Review of Income and Wealth. 62(3), 509-533
[Journal article]Authored by: Syed, I.
Hill, RJ., & Syed, IA. (2016). Hedonic price-rent ratios, user cost, and departures from equilibrium in the housing market. Regional Science and Urban Economics. 56(2), 60-72 Retrieved from http://www.sciencedirect.com/science/article/pii/S0166046215000939?via=ihub
[Journal article]Authored by: Syed, I.
Fox, K., & Syed, IA. (2016). Price discounts and the measurement of inflation. Journal of Econometrics. 191(2), 398-406 Retrieved from http://www.sciencedirect.com/science/article/pii/S0304407615002869?via=ihub
[Journal article]Authored by: Syed, I.
Hill, RJ., & Syed, IA. (2015). Improving International Comparisons of Prices at Basic Heading Level: An Application to the Asia-Pacific Region. REVIEW OF INCOME AND WEALTH. 61(3), 515-539
[Journal article]Authored by: Syed, I.
Hill, R., & Syed, IA. (2015). Improving international comparisons of prices at basic heading level: An application to the Asia-pacific region. Review of Income and Wealth. 61(3), 515-539 Retrieved from http://onlinelibrary.wiley.com/doi/10.1111/roiw.12116/epdf
[Journal article]Authored by: Syed, I.
Hill, RJ., Melser, D., & Syed, I. (2009). Measuring a boom and bust: The Sydney housing market 2001-2006. JOURNAL OF HOUSING ECONOMICS. 18(3), 193-205
[Journal article]Authored by: Syed, I.
Hill, R., Melser, D., & Syed, IA. (2009). Measuring a Boom and Bust: The Sydney Housing Market 2001-2006. Journal of Housing Economics. 18(3), 193-205
[Journal article]Authored by: Syed, I.

Report

Fox, K., & Syed, I.(2016). Price discounts and the measurement of inflation: Further results. (Report No. 2016 ECON 05). Sydney, Australia: UNSW Business School
[Technical Report]Authored by: Syed, I.
Syed, IA.(2015). Sales spotter: An algorithm to identify sale prices in point-of-sale data. Sydney, Australia: UNSW Business School
[Technical Report]Authored by: Syed, I.
Hill, R., & Syed, IA.(2012). Accounting for unrepresentative products and urban-rural price differences in international comparisons of real income: An application to the Asia-Pacific region. Graz ,Austria: University of Graz
[Technical Report]Authored by: Syed, I.

Conference

White, D., Squires, G., & Syed, I.Fungible House Prices: Disentangling Owner-Occupation and Investment Properties.. . Melbourne, Australia.
[Conference Paper]Authored by: Syed, I., White, D.

Teaching and Supervision

Teaching Statement

178.724 Applied Econometric Methods

Summary of Doctoral Supervision

Position Current Completed
Main Supervisor 2 1
Co-supervisor 1 1

Current Doctoral Supervision

Main Supervisor of:

  • Liyuan Zhang - Doctor of Philosophy
    China's Housing Market, Three-child Policy and Households' Fertility Decisions
  • Yongyu Chen - Doctor of Philosophy
    Impacts of Climate Policies on Real Estate Markets

Co-supervisor of:

  • Dina Chakma - Doctor of Philosophy
    Discrimination against the elderly, women and children in household food distribution: Evidence from Bangladesh

Completed Doctoral Supervision

Main Supervisor of:

  • 2024 - David White - Doctor of Philosophy
    The Impact of Residential Property Investors on House Price Escalation in Auckland New Zealand

Co-supervisor of:

  • 2021 - Thi Thu Ha Nguyen - Doctor of Philosophy
    Essays on Dynamics of The Housing market