Sunday 19 January 2003

3.00 – 4.30 PM

Doctoral Session

L Block QUT

Room 418

3.00 – 6.00 PM

PRRES Board Meeting

L Block QUT

Room 401

4.00 – 6.00 PM


Gardens Theatre QUT


5.30 – 7.30 PM

Welcome Reception (Sponsored by CRC Construction Innovation)

Gardens Theatre QUT


Monday 20 January 2003 (Sponsored by RICS)

8.00 – 9.00 AM


Customs House

Long Room

9.00 – 9.15 AM

Official Welcome (UQ/QUT & PRRES)

Customs House

Long Room

9.15 – 10.00 AM

International Keynote Address: Chair - RICS

Mr Quek Kwang Meng, CapitaLand Financial

Redefining the Boundaries in Real Estate

Customs House

Long Room

10.30 – 11.00 AM   Morning Tea Break

11.00 – 12.30 PM     PARALLEL SESSION 1

Long Room: Professional Practice & Ethics

Chair:  Dr G Small

Lady Thiess Room:  Financial Case Studies

Chair:  Dr L Armitage

Trivetts/BMW Room:  Housing Studies

Chair:  Ting Kien Hwa

Jones Room:  Property Markets

Chair:  Chris Eves

Property Transactions:  A Note on Ethics

Robinson & Reed


Challenges Confronting Property Valuation Practitioners in Australasia



An Examination of the Application of the Law of Suppression of Radical Potential in the Field of Real Estate Professional Practice

Kirkwood Refereed


Islamic Finance and Commercial Real Estate – A Review of Current Trend, Issues, and a Case Study on the Application of Islamic Finance to Multi-Fmily Construction/Permanent Loans in the US



Development of an Integrated Property and Asset Market Model for South Africa Based Upon the Fischer-Dipasquale –Wheaton (FDW) Real Estate Model

Du Toit & Cloete   Refereed



The Only Way to Build is Upwards:  The tallest Public Housing Development Project in Singapore

Grace Wong





Long Run Information Diffusion Processes in the Perth Housing Market  1988 – 2000.





Impact of the Olympics to the Host City’s Residential Property Market



The Dynamics of Industrial Property Market in Australia







Contemporary Practice in Real Estate Service Provision:  Some Evidence from the UK





A Comparison of the Forecasting Ability of ARIMA Models


12.30 PM   LUNCH  (API Course Leaders meet in Reid Dining Room – Top Floor)

1.30 – 3.00 PM     PARALLEL SESSION 2

Long Room:  Property Portfolios and Rights

Chair:  Dr S Bond

Lady Thiess Room:  Residential Valuations

Chair:  Prof K-W Shulte

Trivetts/BMW Room:  Housing Studies

Chair:  G Costello

Jones Room:  Property Indexes/Cycles

Chair:  C Warren

The Significance of Property Sector and Geographic Diversification in Australian Property Portfolios

Newell & Keng


Diversification Benefits from the Inclusion of International Property in Australian Portfolios



Flirting with Forfeiture


Residential Property Prices – A Survey of Events Leading to the Present



Statutory Residential Land Valuation and Mass Appraisal in Australia




An Alternative Method for Residential Property Valuation



Lessons Learnt from Housing Speculation in Bangkok




Investment Characteristics of Malaysian Residential Properties




The Influence of Inflation, Interest Rate, Exchange Rate and GDP to House Selling Level in Surabaya

Susilawati et al

Real Time Information – A Strategy for Development of Property Index




Financial Benchmarking: New Zealand Real Estate Agencies Compare their Performance



Forecasting Trends in the Brisbane Central Business District Office Market

Cowley  Refereed

3.00 – 3.30 PM   Afternoon Tea Break

3.30 – 5.00 PM    PARALLEL SESSION 3

Long Room:  Investment Analysis

Chair:  J Kirkwood

Lady Thiess Room:  Land Management

Chair:  A Hassan

Trvietts/BMW Room:  Research

Chair:  J Kim

Jones Room:  Compulsory Acquisitions and Property Rights

Chair:  A Boon

The True Cost and Performance of Individual Residential Property Investment:  An Australian Comparison

Eves & Wills


Generic Software Packages:  A Concept  for Best Practice




Property Cash Flow Studies – Focusing on Model Consistency and Data Accuracy

Boyd  Refereed


Land Acquisition in Fiji





The Weakening of Fiji’s Communal Native Land



Optimisation of Land Use Through Innovative Legislation in Singapore




Analysis of Pacific Rim Property Research Journal Performance




A Comparative Analysis of US, UK and Australian Published Property Research Methedologies and Methods

Levy & Henry  Refereed


Real Estate Service Markets and the Informed Client:  Towards a Research Agenda

D’Arcy and Kaleva

Water Property Rights in Australia





The ‘Special Value’ of Land in Compulsory Acquisition Cases

Keogh  Refereed



Compensation:  The Future of Native Title Law in Australia


5.00PM                       PRPRJ  Editorial Panel Meeting In Reid Dining Room (Top Floor)




TUESDAY 21 JANUARY (Sponsored by API)

*7.30 – 8.15 AM

Women’s Breakfast


Cilantros Restaurant

8.00 – 8.30 AM


Customs House

Long Room

*8.30 – 9.15 AM

Keynote Address: Chair - API

Dr D McTaggart, CE of QIC

Property Funds Management

Customs House

Long Room

9.15 – 10.45 AM   PARALLEL SESSION 4

Long Room:  Finance /Investment

Chair:  A Prof A Karantonis

Lady Thiess Room:  Property Markets

Chair: D Levy

Trivetts/BMW Room:  Corporate and Public Real Estate

Chair:  Prof G Newell

Perception of the Real Estate Investment Environment by Main Actors and Players:  The Case of Singapore

Sim et al


Real Estate Securitisation as an Alternative Source of Financing for the Property Industry



The Case for Reverse Mortgages in Australia – Applying the USA Experience

Gibler & Reed Refereed

Is the UK Commercial Real Estate Market Fractal?





Information for Property Market Efficiency



Permanent and Transitory Driving Factors in Australian Property Markets

Wilson & Zurbrugg

Corporate Real Estate Reorganisation and Restructuring





Benchmarking the Performance of Public and Private Corporate Real Estate



Contested Public Lands:  Values, Power and Public Process in Government Asset Disposal Programs


10.45 – 11.00 AM  Morning Tea Break

11.00 – 12.30 PM   PARALLEL SESSION 5

Long Room:  Property Portfolios

Chair:  Prof Yu SM

Lady Thiess Room:  Housing Studies

Chair:  Dr S Boydell

Trivetts/BMW Room:  Specialist Valuations

Chair:  Prof T Boyd

The Role of Market Timing and Property Selection in Listed Property Trust Performance

Newell et al


International Real Estate Security Diversification:  Empirical Evidence using Mean-Variance Spanning Tests



Performance Analysis of Property Securities Funds


Home Ownership – An Increasingly Elusive Goal

Hargreaves – Refereed



An Empirical Study of Demand Factors Affecting the Segmented Sydney Housing Market



Housing Reforms in China:  A Paradigm Shift to Market Economy

Li Refereed

The Impact of Cellular Phone Base Station Towers in Property Values



The Effect of Electricity Distribution Equipment on the UK Residential Property Market



Expert Witness Testimony and the Use of Environmental Contamination Research in Eminent Domain Cases


12.30- 1.45 PM   Lunch

1.10 – 1.45 PM

PRRES Annual General Meeting

Customs House Long Room

1.45 – 2.45 PM

Urban Renewal Case Study Chair - NZPI

Briefings K Rogers, URTF and

M Lynch, Mirvac Group

Customs House Long Room

2.45 – 5.30 PM

Inspection:  Brisbane River Development

Including Cutter’s Landing

Buses depart 2.45 pm and return 5.30 pm

7.00 for 7.15 PM or

meet at Customs House at 6.30 PM

River Cruise Conference Dinner


Eagle Street Pier (7.00 pm)

or Customs House (6.30 pm)



9.00 – 10.30 AM     PARALLEL SESSION 6

Long Room:  Retail and Office Property

Chair:  AProf J MacFarlane

Lady Thiess Room:  Specialist Properties

Chair:  Dr D Parker

Trivetts/BMW  Room:  Education

Chair:  Prof B Hargreaves

Macro-economic factors Affecting Office Rental Values in Southeast Asian Cities

Chin, Wei – Refereed


Toxic Time Bomb at Mickey Mouse’s New Home – A Case Study of Disney Theme Park in Hong Kong



Retail Activity in Malaysia:  From Shophouse to Hypermarket

Lim et al

Vertical Inequity in the Rating System – A Fiji Case Study



Valuation and Lending Implications of the Separation of Land and Water Rights

Bjornlund – Refereed



Heritage Listing and Property Value in Queensland:  A Review

Armitage & Irons


The Accreditation of Collegiate Real Estate Programs




Theory for Real Estate Valuation:  An alternative way to teach real estate price estimation methods



Internationalisation of Real Estate Education


10.30 – 11.00 AM  Morning Tea Break

11.00 – 12.30 PM    PARALLEL SESSION 7

Long Room:  Rural Land Management

Chair:  AProf G Page

Lady Thiess Room:  Theory and Behavioural Studies

Chair:  Dr M Kummerow

Trivetts/BMW Room:  Development

Chair:  E Gamby

The Influence of Farm Management on NSW Rural Property Income and Total Average Annual Returns

Eves – Refereed


The Real Estate Implications of the Changing Rural Economy




The Emerging Need for Regional Property Solutions – a Pacific Perspective

Boydell and Small – Refereed


The Role of Decision-maker Preferences in Tenancy Selection of CBD Office Accommodation



The Dimensions of Human Action and Property


Optimising Industrial Land Use:  The Case of Enbloc Redevelopment



FRP Composites and the Service Life of Buildings and Infrastructure

Humphreys - Refereed


An Empirical Pilot Study of a Domestic Ventilation System for the Control of Moisture in NZ Housing

Fortes et al - Refereed

12.30 – 1.30 PM   Lunch (including presentation on next PRRES Meeting in the Long Room)


1.30 – 3.00 PM    PARALLEL SESSION 8

Long Room:  Public Policy

Chair:  N Chan

Lady Thiess Room:  Office Property

Chair:  S Ross

Corporate Property Strategies in the Australian Public Sector



Hostel Conversion as Social Housing in South Africa – Funding Regime vs Real Needs

Pienaar & Cloete – Refereed


From the Three P’s to the Three W’s Public Private Partnerships and Beyond

Earl & Regan

The Increasing Importance of Serviced Offices as a Competing Land Use

Reed & Stewart


The Future of Office Property

Irons & Armitage - Refereed


3.00 – 3.30 PM     Closing Session/Farewell Tea (Long Room)