PRRES Newsletter

April 2011


Message from the President

My best wishes to all members of PRRES for the 2011 academic year. We have already commenced our year with a very successful annual conference hosted by George Earl and his team from Bond University. Extending on my comments from the conference dinner, I would like to congratulate George and his team for a wonderful conference on the Gold Coast, Queensland. We genuinely appreciate your efforts considering the extreme difficulties caused by the flooding that had occurred in southern Queensland at that time.

Unfortunately, some of our colleagues at Lincoln in Christchurch New Zealand have also experienced natural disaster in the form of the recent earthquake. I can advise that I have received communication from Sandy Bond that all staff members escaped major trauma. My sincere best wishes to all in Christchurch in overcoming these difficult circumstances.

The Queensland conference was also memorable for Deborah Levy's PRRES achievement award. Deborah's contribution to our society has been most significant over many years. Deborah has been the driving force behind the introduction of the student case competition, a feature of our last three annual conferences which has added a new and exciting dimension to our activities.

At our recent PRRES board meetings in Queensland the board resolved to continue working towards several key strategic objectives. This year we will be developing more comprehensive strategies for the future of the website and the Journal. I can confirm that the society remains in a very sound financial condition. I would again like to emphasise the two significant achievements of our society in achieving an A ranking for our conference and a B ranking for the PRPRJ in the Australian Research Council (ARC) Excellence in Research for Australia (ERA) initiative. These are significant achievements and are largely due to the significant contributions of Graeme Newell, Peter Rossini, the editorial board of the PRPRJ and all of our recent conference organisers.

Finally, I would ask that all members support the upcoming annual conferences of our sister societies if possible. I look forward to seeing our members at these conferences later in the year and would ask that you all promote the details of our January 2012 conference to be hosted by the University of South Australia in Adelaide.

Associate Professor Greg Costello
PRRES President

18th PRRES Conference 2011 Gold Coast Round Up

Bond University�s Institute of Sustainable Development & Architecture was delighted to host the three-day 17th Pacific Rim Real Estate Society Conference on the Gold Coast with the support of Queensland University of Technology and the University of the Sunshine Coast in January this year.

With the theme �Climate Change and Property: its impact now and later� the conference was among the one of the most successful conferences with 165 delegates attending the main conference that included 110 delegates attending the Welcome Reception and 140 delegates enjoying the conference dinner.  Read more

2011 PRRES Conference Dinner Fund Raising

A total of $1,100 was raised at the PRRES Conference Dinner to help victims of the Queensland Flood of which $100 cash was spent on 4 x mature shade trees. Gold Coast City Council then donated an additional 20 trees which has provided the young students of Murphy Creek School with the beginnings of a new playground area. These trees will replace a number of trees that were washed away in the January floods. Read More

18th PRRES Conference PhD Colloquium

The PhD colloquium this year was a great success with a strong turnout of PhD students presenting on various topics at different stages in their PhD. It was an engaging and enjoyable day with various topics and a good turnout of academics who provided their support and shared their experience and wisdom. Read More

18th PRRES Conference Case Competition

The 3rd Pacific Rim Real Estate Society Case Competition was held in conjunction with the 2011 PRRES Conference. Six universities sent teams of four property students to compete in this competition; Bond University, the University of South Australia, Queensland University of Technology, the University of Sunshine Coast, the University of Auckland and the University of Southern California.  

Read more including student recounts

Case Competition winners - Auckland Uni

2012 PRRES Conference

The 2012 18th PRRES Conference will be hosted by the School of Commerce at the University of South Australia. The conference theme �Property: Nexus of Place & Space� which focuses on the contribution of property to economy and to community, seeks to cover a wide range of  research areas including property development, property investment, property education, property management, valuation and property markets; urban, regional and rural.  Click for details

Stop Press

The Pacific Rim Real Estate Society call for abstracts and papers for the 18th Pacific Rim Real Estate Society Conference Click for details

Pacific Rim Property Research Journal

I am pleased to advise that in March the PRPRJ was approved for inclusion in Scopus by the Content Selection & Advisory Board (CSAB). This is an excellent outcome for PRRES and PRPRJ and it will be noted in future copies of PRPRJ on inside covers well as in next editorial.

Scopus is a database of abstracts and citations and covers some 16,500 peer-reviewed journals in the scientific, technical, medical and social science fields. It was the citation data supplier used for the 2010 ERA evaluation.

Scopus, in their review of the PRPRJ, commented that the journal showed a convincing journal policy with good online accessibility.

In 2010 PRPRJ Volume 16 published 23 papers and included a special issue in memory of Professor Tom Whipple. Thank you to Assoc Professor Greg Costello for acting as Guest Editor for this special issue.   Read More

News from PRRES Members

University of Auckland

The 2011 PRRES Conference was a very successful conference for the University of Auckland. Associate Deborah Levy was pleased and honoured to receive her 2011 PRRES Achievement Award. Senior Lecturer Dr Michael Rehm was voted back onto the PRRES board while Senior Lecturer Dr Olga Filippova was invited to join the editorial board of the Pacific Rim Property Research Journal. As well Property Case Competition students George Culver, Lani O�Brien, Natasha Sarkar and Jasmine Yao took out 2011 PRRES case competition for the second year in a row!

Property PhD student Jeremy Gabe took home the 2011 Best New Presenter Award for his refereed paper Market implications of operational performance variability in certified green buildings. Fellow PhD student Hasniyati Hamzah was given the opportunity to speak at the 2011 PhD Colloquium, where she presented on Economic behaviour of agents involved in the implementation of affordable housing policy: Evidence from a developing economy.

Assoc Professor Deborah Levy University of Auckland

Central Queensland University

Dr Garrick Small has recently taken up a position at Central Queensland University as an Associate Professor. We welcome Garrick back into academia and look forward to seeing him on the PRRES circuit again!

Dr Garrick Small Central Queensland University

University of Western Sydney

Atasya Osmadi had her PhD approved by UWS in early February. Atasya's PhD was on Islamic REITs in Malaysia; she attended PRRES conferences and has also published papers in JPR, PRPRJ and APJ. She is now back at University Science Malaysia in Penang as lecturer

Professor Graeme Newell University of Western Sydney

Prizes & Awards 2011

PRRES Achievement Award

Associate Professor Deborah Levy

2011 PRRES Meritorious Service Award

Dr Geoff Page

2011 Best Refereed Paper (Certificate) Selected from refereed papers

Tim-Alexander Kroencke & Felix Schindler for the paper Diversification Benefits from Securitized Real Estate for International Portfolios

Best Pacific Rim Property Research Journal Paper Prize

Chyi Lin Lee (2009), Downside beta and valuation based property returns Vol 15(2): 182-203.

2011 Best Innovative Paper (Certificate) Selected from refereed papers Valerie Kupke, Peter Rossini & Sharon Yam for the paper An exploration of female home ownership patterns in Australia

2011 RICS Best New Researcher/Presenter Jeremy Gabe for the paper Market implications of operational performance variability in certified green buildings

2011 PhD Colloquium scholarships

  1. Shuk Man Miranda Chiu for the paper Effects of Land Auctions on Private Housing market � An Empirical Study in Hong Kong

  2. Melanie Thomas for the paper Housing preference and choice: Self-congruity and functional congruity influences on home purchase intention

Dr Clive Warren PRRES Board

Read more about the Prizes and awards and see pictures of all the prize winners.

Book Review

Reviewed by Associate Professor of Property (Retd) Maurice Squirrell

New Urban Development: Looking Back to See Forward Author Claude Gruen

Most books on urbanization are long on history and short on solutions. In this book, the focus is on positive and clear articulation of changes that provide opportunities for a strengthened economy following the recent role of USA housing in the Global Financial Crisis (GFC).

Read More

PRRES Newsletter

Editor: Valerie Kupke, UniSA

Webmaster: Peter Rossini, UniSA

Next edition October 2011