Dr Iqbal Syed staff profile picture

Contact details +64 (09) 414 0800  ext. 43161

Dr Iqbal Syed

Senior Lecturer

School of Economics and Finance

Iqbal Syed works primarily in the areas of property economics and finance, urban economics, and economic measurements and index numbers. He has developed hedonic methodologies with applications to constructing price indexes for residential and commercial properties, supermarket and high-tech products, and international comparisons of prices and incomes. 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 future research directions include the investigation of links between property markets and the following: credit markets, taxation, political decisions, demographic composition, incomes and the macroeconomy.

Prior to joining Massey University 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 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, and this has led to collaborations providing research funding and data access, and giving first-hand knowledge of industry measurement issues. A consultancy with the International Comparisons Program (ICP) at the World Bank led to access to restricted data and resulting in a significant contribution to ICP purchasing power parity calculations. A fruitful industry linkage with RF Capital and CorVal Partners Limited resulted in Iqbal and his colleagues at UNSW receiving a large Australian Research Council grant in 2014 to undertake research on property markets.

In recent years, Iqbal’s research has been increasingly focussed on property and urban economics. In one of his ongoing studies, Iqbal is developing methodologies for constructing commercial property price indexes that would 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 Massey University. 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 and urban economics research, especially those with a particular interest in related policy making in the Asia Pacific region.

Iqbal Syed works primarily in the areas of property economics and finance, urban economics, and economic measurements and index numbers. He has developed hedonic methodologies with applications to constructing price indexes for residential and commercial properties, supermarket and high-tech products, and international comparisons of prices and incomes. 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 future research directions include the investigation of links between property markets and the following: credit markets, taxation, political decisions, demographic composition, incomes and the macroeconomy.

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Research Expertise

Research Interests

Property economics and finance; Urban economics

Applied econometrics; Measurement economics; Index numbers

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

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.
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, 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, 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.

Supervision and Teaching

Summary of Doctoral Supervision

Position Current Completed
Co-supervisor 3 0

Courses Coordinated

  • 127.245 Introduction to Property Finance and Investment
  • 127.342 Applied Property Finance and Investment

Current Doctoral Supervision

Co-supervisor of:

  • Thi Thu Ha Nguyen - Doctor of Philosophy
    Ripple effect on housing prices among New Zealand regions
  • Nicolle Montgomery - Doctor of Philosophy
    The Impact of Institutional Environments on Real Estate Crowdfunding: A Comparative Investigation of USA, UK, Australia, and New Zealand.
  • David White - Doctor of Philosophy
    Whether behavioural approaches to economics and finance provide a useful explanation of consumer behaviour in relation to defining and measuring housing affordability in New Zealand.

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