Professor Chyi Lin Lee is currently the discipline director of construction management and property at the University of New South Wales. His research on housing and property investment has been presented at various international conferences and published widely. Recent works on housing and property investment have covered issues such as housing economics, real estate futures contracts, property finance and housing submarkets and have been published in leading property and multidisciplinary journals in the US and UK, such as the Journal of Real Estate Finance & Economics, Housing Studies, Habitat International, Journal of Cleaner Production, Cities, Computers, Environment and Urban Systems, Energy Policy, Transportation, and Journal of International Money and Finance. He also successfully completed (or is currently working on) numerous externally funded research projects from the property industry in Australia, such as the Australian Housing and Urban Research Institute (AHURI), Transport for NSW, Australian Property Institute, and overseas, such as European Public Real Estate Association (EPRA) and European Association for Investors in Non-Listed Real Estate Vehicle (INREV). He also received numerous awards for his contributions to property research, such as the Australian Property Institute Achievement (Early Career Researcher) Award in 2015.
, 2015, The opportunity of residential property investment vehicles in enhancing affordable rental housing supply
, 2018, 'Oceania', in The Routledge REITs Research Handbook, Routledge, pp. 257 - 278
, 2024, 'The non-linear dynamics of South Australian regional housing markets: A machine learning approach', Applied Geography, 166, http://dx.doi.org/10.1016/j.apgeog.2024.103248
, 2024, 'Carbon management and the global value chain: have carbon emissions been reduced?', Sustainability Accounting, Management and Policy Journal, 15, pp. 382 - 411, http://dx.doi.org/10.1108/SAMPJ-11-2022-0585
, 2024, 'Exploring the spatialisation of the performance of residential REITs investment and direct investment in the housing market', Regional Studies, http://dx.doi.org/10.1080/00343404.2024.2316831
, 2024, 'The Future Property Workforce: Challenges and Opportunities for Property Professionals in the Changing Landscape', Buildings, 14, http://dx.doi.org/10.3390/buildings14010224
, 2023, 'Client influence in property valuation in Nigeria: a valuer-banker perspective and fuzzy DEMATEL study', Journal of Property Investment and Finance, ahead-of-print, http://dx.doi.org/10.1108/JPIF-08-2023-0077
, 2023, 'Urbanisation and housing finance nexus: Evidence from Australia', Habitat International, 139, http://dx.doi.org/10.1016/j.habitatint.2023.102897
, 2023, 'Implementing a deep-learning model using Google street view to combine social and physical indicators of gentrification', Computers, Environment and Urban Systems, 102, pp. 101970, http://dx.doi.org/10.1016/j.compenvurbsys.2023.101970
, 2023, 'The Unintended Consequences of COVID-19 Economic Responses on First Home Buyers? Evidence from New South Wales, Australia', Buildings, 13, http://dx.doi.org/10.3390/buildings13051203
, 2023, 'Building a predictive machine learning model of gentrification in Sydney', Cities, 134, pp. 104192, http://dx.doi.org/10.1016/j.cities.2023.104192
, 2023, 'Spatial connectivity and house price diffusion: The case of Greater Sydney and the regional cities and centres of new south wales (NSW) in Australia', Habitat International, 132, http://dx.doi.org/10.1016/j.habitatint.2022.102740
, 2023, 'Client influence in property valuation: a scoping literature review', Property Management, 41, pp. 629 - 646, http://dx.doi.org/10.1108/PM-09-2022-0061
, 2023, 'The determinants of homeownership affordability in Greater Sydney: evidence from a submarket analysis', Housing Studies, 38, pp. 206 - 232, http://dx.doi.org/10.1080/02673037.2021.1879995
, 2023, 'The impact of negative gearing on the investment decisions of housing investors: the case of Greater Sydney', Journal of Housing and the Built Environment, 39, http://dx.doi.org/10.1007/s10901-023-10069-3
, 2022, 'The COVID-19 Sentiment and Office Markets: Evidence from China', Buildings, 12, pp. 2100, http://dx.doi.org/10.3390/buildings12122100
, 2022, 'Thermal performance of retrofitted secondary glazed windows in residential buildings – two cases from Australia', Smart and Sustainable Built Environment, 11, pp. 1182 - 1192, http://dx.doi.org/10.1108/SASBE-03-2021-0050
, 2022, 'Listed real estate futures trading, market efficiency, and direct real estate linkages: International evidence', Journal of International Money and Finance, 127, pp. 102693, http://dx.doi.org/10.1016/j.jimonfin.2022.102693
, 2022, 'The Reflection of Income Segregation and Accessibility Cleavages in Sydney’s House Prices', ISPRS International Journal of Geo-Information, 11, pp. 413, http://dx.doi.org/10.3390/ijgi11070413
, 2022, 'The Role of Mandatory Building Efficiency Disclosure on Green Building Price Premium: Evidence from Australia', Buildings, 12, pp. 297, http://dx.doi.org/10.3390/buildings12030297
, 2022, 'Spatial Variability of the ‘Airbnb Effect’: A Spatially Explicit Analysis of Airbnb’s Impact on Housing Prices in Sydney', ISPRS International Journal of Geo-Information, 11, pp. 65, http://dx.doi.org/10.3390/ijgi11010065
, 2022, 'The value of air quality in housing markets: A comparative study of housing sale and rental markets in China', Energy Policy, 160, pp. 112601, http://dx.doi.org/10.1016/j.enpol.2021.112601
, 2022, 'Housing price bubbles in Greater Sydney: evidence from a submarket analysis', Housing Studies, 37, pp. 143 - 178, http://dx.doi.org/10.1080/02673037.2020.1803802
, 2021, 'Transportation infrastructure improvement and real estate value: impact of level crossing removal project on housing prices', Transportation, 48, pp. 2969 - 3011, http://dx.doi.org/10.1007/s11116-020-10157-1
, 2021, 'Perceived benefits of retrofitted residential secondary glazing: an exploratory Australian study', International Journal of Building Pathology and Adaptation, 39, pp. 720 - 733, http://dx.doi.org/10.1108/IJBPA-09-2020-0083
, 2021, 'CEO overconfidence and corporate governance in affecting Australian listed construction and property firms’ trading activity', Sustainability (Switzerland), 13, http://dx.doi.org/10.3390/su131910920
, 2021, 'A framework for developing green building rating tools based on Pakistan’s local context', Buildings, 11, pp. 202, http://dx.doi.org/10.3390/buildings11050202
, 2021, 'Varying interest rate sensitivity of different property sectors: cross-country evidence from REITs', Journal of Property Investment and Finance, 40, pp. 68 - 98, http://dx.doi.org/10.1108/JPIF-09-2020-0099
, 2021, 'Editorial for special issue on infrastructure and real estate', Journal of Property Investment and Finance, 39, pp. 181 - 182, http://dx.doi.org/10.1108/JPIF-04-2021-174
, 2021, 'The effectiveness of passive land value capture mechanisms in funding infrastructure', Journal of Property Investment and Finance, 39, pp. 283 - 293, http://dx.doi.org/10.1108/JPIF-07-2020-0084
, 2021, 'Barriers, drivers and prospects of the adoption of artificial intelligence property valuation methods in practice', Pacific Rim Property Research Journal, 27, pp. 89 - 106, http://dx.doi.org/10.1080/14445921.2021.2001724
, 2021, 'Macro-Impacts of Air Quality on Property Values in China—A Meta-Regression Analysis of the Literature', Buildings, 11, pp. 1 - 25, http://dx.doi.org/10.3390/buildings11020048
, 2020, 'Does corporate green ranking reflect carbon-mitigation performance?', Journal of Cleaner Production, 277, pp. 123601, http://dx.doi.org/10.1016/j.jclepro.2020.123601
, 2020, 'Interest rate sensitivity in european public real estate markets', Journal of Real Estate Portfolio Management, 25, pp. 138 - 150, http://dx.doi.org/10.1080/10835547.2020.1803694
, 2020, 'Smart Digital Marketing Capabilities for Sustainable Property Development: A Case of Malaysia', Sustainability, 12, pp. 5402, http://dx.doi.org/10.3390/su12135402
, 2020, 'House price diffusion of housing submarkets in Greater Sydney', Housing Studies, 35, pp. 1110 - 1141, http://dx.doi.org/10.1080/02673037.2019.1648772
, 2020, 'Guest editorial', International Journal of Housing Markets and Analysis, 13, pp. 373, http://dx.doi.org/10.1108/IJHMA-06-2020-127
, 2020, 'The added-value role of industrial and logistics REITs in the Pacific Rim region', Journal of Property Investment and Finance, 38, pp. 597 - 616, http://dx.doi.org/10.1108/JPIF-09-2019-0129
, 2019, 'Guest editorial', International Journal of Housing Markets and Analysis, 12, pp. 825, http://dx.doi.org/10.1108/IJHMA-10-2019-114
, 2019, 'Modelling housing prices and market fundamentals: evidence from the Sydney housing market', International Journal of Housing Markets and Analysis, 12, pp. 746 - 762, http://dx.doi.org/10.1108/IJHMA-10-2018-0082
, 2019, 'The asymmetric effect of institutional quality on chinese outward real estate investment', International Journal of Strategic Property Management, 23, pp. 435 - 449, http://dx.doi.org/10.3846/ijspm.2019.10429
, 2019, 'The differential geography of housing affordability in Sydney: a disaggregated approach', Australian Geographer, 50, pp. 295 - 313, http://dx.doi.org/10.1080/00049182.2018.1559971
, 2019, 'The significance of residential REITs in Japan as an institutionalised property sector', Journal of Property Investment & Finance, 37, pp. 363 - 379, http://dx.doi.org/10.1108/jpif-03-2019-0036
, 2019, 'Spatial mismatch, enclave effects and employment outcomes for rural migrant workers: Empirical evidence from Yunnan Province, China', Habitat International, 86, pp. 48 - 60, http://dx.doi.org/10.1016/j.habitatint.2019.02.008
, 2019, 'The value-added role of sector-specific REITs in Australia', Pacific Rim Property Research Journal, 25, pp. 49 - 72, http://dx.doi.org/10.1080/14445921.2019.1610593
, 2018, 'Low-frequency volatility of real estate securities and macroeconomic risk', Accounting and Finance, 58, pp. 311 - 342, http://dx.doi.org/10.1111/acfi.12288
, 2017, 'Price linkages between Australian housing and stock markets: Wealth effect, credit effect or capital switching?', International Journal of Housing Markets and Analysis, 10, pp. 305 - 323, http://dx.doi.org/10.1108/IJHMA-05-2016-0037
, 2017, 'An examination of the risk-return relation in the Australian housing market', International Journal of Housing Markets and Analysis, 10, pp. 431 - 449, http://dx.doi.org/10.1108/IJHMA-07-2016-0052
, 2016, 'Price discovery and volatility transmission in Australian REIT cash and futures markets', International Journal of Strategic Property Management, 20, pp. 113 - 129, http://dx.doi.org/10.3846/1648715X.2015.1106989
, 2015, 'The opportunity of unlisted wholesale residential property funds in enhancing affordable housing supply', AHURI Final Report, pp. 1 - 94
, 2015, 'The Politics of Foreign Investment in Australian Housing: Chinese Investors, Translocal Sales Agents and Local Resistance', Housing Studies, 30, pp. 730 - 748, http://dx.doi.org/10.1080/02673037.2015.1006185
, 2015, 'The impact of student characteristics on academic achievement: Findings from an online undergraduate property program', Pacific Rim Property Research Journal, 21, pp. 3 - 14, http://dx.doi.org/10.1080/14445921.2015.1026128
, 2014, 'The Relationship between Housing Market Intervention for First-Time Buyers and House Price Volatility', Housing Studies, 29, pp. 1073 - 1095, http://dx.doi.org/10.1080/02673037.2014.927420
, 2014, 'Futures Trading, Spot Price Volatility and Market Efficiency: Evidence from European Real Estate Securities Futures', Journal of Real Estate Finance and Economics, 48, pp. 299 - 322, http://dx.doi.org/10.1007/s11146-012-9399-3
, 2014, 'The inflation-hedging characteristics of Malaysian residential property', International Journal of Housing Markets and Analysis, 7, pp. 61 - 75, http://dx.doi.org/10.1108/IJHMA-10-2012-0053
, 2014, 'Do lunar phases affect US REIT returns?', Investment Analysts Journal, 79, pp. 67 - 78, http://dx.doi.org/10.1080/10293523.2014.11082570
, 2014, 'Do European real estate stocks hedge inflation? Evidence from developed and emerging markets', International Journal of Strategic Property Management, 18, pp. 178 - 197, http://dx.doi.org/10.3846/1648715X.2014.925521
, 2013, 'Volatility Decomposition of Australian Housing Prices', Journal of Housing Research
, 2012, 'Influence of the corporate social responsibility factors and financial factors on REIT performance in Australia', Journal of Property Investment and Finance, 30, pp. 389 - 403, http://dx.doi.org/10.1108/14635781211241789
, 2012, 'Hedging effectiveness of REIT futures', Journal of Property Investment and Finance, 30, pp. 257 - 281, http://dx.doi.org/10.1108/14635781211223824
, 2011, 'Linkages between Malaysian housing prices, property companies and stocks', Pacific Rim Property Research Journal, 17, pp. 287 - 312, http://dx.doi.org/10.1080/14445921.2011.11104329
, 2011, 'Exploring australian housing supply', Pacific Rim Property Research Journal, 17, pp. 634 - 651, http://dx.doi.org/10.1080/14445921.2011.11104346
, 2011, 'Assessing the consistency of valuation-smoothing and the impact on property in Australian mixed-asset portfolios', Pacific Rim Property Research Journal, 17, pp. 463 - 482, http://dx.doi.org/10.1080/14445921.2011.11104337
, 2011, 'The impact of alternative assets on the role of direct property in australian mixed-asset portfolios', Pacific Rim Property Research Journal, 17, pp. 531 - 559, http://dx.doi.org/10.1080/14445921.2011.11104341
, 2011, 'Critical uncertainty factors for efficient allocation of demand risk in privately financed public infrastructure projects in Australia', International Journal of Project Organisation and Management, 3, pp. 243 - 257, http://dx.doi.org/10.1504/IJPOM.2011.042031
, 2010, 'Use of derivatives by australian property funds', Pacific Rim Property Research Journal, 16, pp. 151 - 170, http://dx.doi.org/10.1080/14445921.2010.11104299
, 2009, 'The role of Malaysian securitised real estate in a mixed‐asset portfolio', Journal of Financial Management of Property and Construction, 14, pp. 208 - 230, http://dx.doi.org/10.1108/13664380911000440
, 2009, 'Volatility transmission in Australian REIT futures', Journal of Real Estate Portfolio Management, 15, pp. 221 - 238
, 2009, 'Housing price volatility and its determinants', International Journal of Housing Markets and Analysis, 2, pp. 293 - 308, http://dx.doi.org/10.1108/17538270910977572
, 2009, 'Downside beta and valuation-based property returns', Pacific Rim Property Research Journal, 15, pp. 182 - 203, http://dx.doi.org/10.1080/14445921.2009.11104277
, 2008, 'Housing in Australia as a portfolio investment', International Journal of Housing Markets and Analysis, 1, pp. 352 - 361, http://dx.doi.org/10.1108/17538270810908641
, 2008, 'Listed property trusts and downside systematic risk sensitivity', Journal of Property Investment and Finance, 26, pp. 304 - 328, http://dx.doi.org/10.1108/14635780810886627
, 2008, 'Downside beta and the cross-sectional determinants of listed property trust returns', Journal of Real Estate Portfolio Management, 14, pp. 49 - 62
, 2008, 'An investigation on the risk perceptions of Australian property fund managers', Pacific Rim Property Research Journal, 14, pp. 199 - 221, http://dx.doi.org/10.1080/14445921.2008.11104255
, 2008, 'Volatility Spillover in Australian Commercial Property', Pacific Rim Property Research Journal, 14, pp. 434 - 477, http://dx.doi.org/10.1080/14445921.2008.11104267
, 2007, 'Momentum profits in Australian listed property trusts', Pacific Rim Property Research Journal, 13, pp. 322 - 343, http://dx.doi.org/10.1080/14445921.2007.11104236
, 2015, 'Australian Institutional Investors and Residential Investment Vehicles', in Wu Y; Zheng S; Luo J; Wang W; Mo Z; Shan L (eds.), PROCEEDINGS OF THE 20TH INTERNATIONAL SYMPOSIUM ON ADVANCEMENT OF CONSTRUCTION MANAGEMENT AND REAL ESTATE, SPRINGER-VERLAG BERLIN, PEOPLES R CHINA, Hangzhou, pp. 709 - 720, presented at
, 2011, 'Monitoring construction projects using information technologies', in Proceedings of the 16th International Symposium on Advancement of Construction Management and Real Estate, CRIOCM 2011, pp. 451 - 456
, 2011, 'Exploring the volatility pattern of Australian housing supply', in Proceedings of the 16th International Symposium on Advancement of Construction Management and Real Estate, CRIOCM 2011, pp. 332 - 336
, 2010, 'A Critical Analysis of Techniques for Risk Mitigation in the Construction Industry', in Wu D; Xu MZ; Zhang ZJ; Fang Y (eds.), PROCEEDINGS OF THE 1ST INTERNATIONAL CONFERENCE ON SUSTAINABLE CONSTRUCTION & RISK MANAGEMENT, VOLS I AND II, UNIVERSE ACADEMIC PRESS TORONTO, PEOPLES R CHINA, Chongqing Jiaotong Univ, Chongqing, pp. 250 - 254, presented at
, 2009, 'Volatility Spillover in Australian Real Estate Investment Trust Futures', in Wang YW; Wang YQ; Shen Q (eds.), PROCEEDINGS OF 2009 INTERNATIONAL CONFERENCE ON CONSTRUCTION & REAL ESTATE MANAGEMENT, VOLS 1 AND 2, CHINA ARCHITECTURE & BUILDING PRESS, PEOPLES R CHINA, Beijing, pp. 892 - 897, presented at
, 2009, 'The Significance of Second Tier City Housing Markets in China', in Wang YW; Wang YQ; Shen Q (eds.), PROCEEDINGS OF 2009 INTERNATIONAL CONFERENCE ON CONSTRUCTION & REAL ESTATE MANAGEMENT, VOLS 1 AND 2, CHINA ARCHITECTURE & BUILDING PRESS, PEOPLES R CHINA, Beijing, pp. 986 - +, presented at
, 2023, Towards understanding the dynamics of the Regional Property markets of Australia, http://dx.doi.org/10.26190/unsworks/28707, https://www.api.org.au/apref/apref-research/towards-understanding-the-dynamics-of-the-regional-property-markets-of-australia/
, 2020, The impact of futures trading on the linkages between listed real estate and direct real estate: International evidence, European Public Real Estate Association, Brussel, Belgium, https://www.epra.com/research/academic-research
, 2022, Digital models and tools for valuation of land and property, Patent No.
, 2022, China's property sector,
, 2019, Rail works lift property prices, pointing to value capture’s potential to fund city infrastructure, The Conversation, , https://theconversation.com/rail-works-lift-property-prices-pointing-to-value-captures-potential-to-fund-city-infrastructure-123757
, 2019, Affordable housing lessons from Sydney, Hong Kong and Singapore: 3 keys to getting the policy mix right, The Conversation, , https://theconversation.com/affordable-housing-lessons-from-sydney-hong-kong-and-singapore-3-keys-to-getting-the-policy-mix-right-123443
, 2019, Head start for home owners makes a big difference for housing stress, , https://theconversation.com/head-start-for-home-owners-makes-a-big-difference-for-housing-stress-109007
, 2018, How Sydney's latte line is splitting the workforce, , https://www.smh.com.au/national/nsw/how-sydney-s-latte-line-is-splitting-the-workforce-20180625-p4znl0.html#:~:text=Sydney's%20''latte%20line'',airport%20north-west%20through%20Parramatta.
, 2018, Another tale of two cities: access to jobs divides Sydney along the ‘latte line’, The Conversation, , https://theconversation.com/another-tale-of-two-cities-access-to-jobs-divides-sydney-along-the-latte-line-96907
, 2017, How to tell when the housing market is slowing, The Conversation, , https://theconversation.com/how-to-tell-when-the-housing-market-is-slowing-80072
, 2017, Investors are exploiting returns on debt financing to muscle out home buyers, , https://theconversation.com/investors-are-exploiting-returns-on-debt-financing-to-muscle-out-home-buyers-77402
, 2021, Building a predictive machine learning model of gentrification in Sydney, , http://dx.doi.org/10.31235/osf.io/hkc96
, 2021, Spatial Variability of the ‘Airbnb Effect’: A Spatially Explicit Analysis of Airbnb's impact on Housing Prices in Sydney, , http://dx.doi.org/10.31235/osf.io/cw2a9
, 2021, The Reflection of Income Segregation and Accessibility Cleavages in Sydney’s House Prices, , http://dx.doi.org/10.31235/osf.io/2psk5