Associate Professor Chyi Lin Lee

Associate Professor Chyi Lin Lee

Adjunct Associate Professor,
Dean's Unit, School of Business

Associate Professor,
Economics, Finance and Property (SoBus)

Biography

Dr Chyi Lin Lee joined University of Western Sydney as a lecturer in property in March 2008. Prior to this appointment, he was a PhD scholarship holder at the University of Melbourne. His PhD research focuses on the issues in relation to Real Estate Investment Trusts. He has published his work in international refereed journals and has presented at many Australian and international conferences. He also serves on the editorial board of the International Journal of Housing Markets and Analysis.

This information has been contributed by Associate Professor Lee.

Qualifications

  • PhD University of Melbourne

Organisational Unit (School / Division)

  • Dean's Unit, School of Business
  • Economics, Finance and Property (SoBus)

Contact

Email: C.Lee@westernsydney.edu.au
Phone: (02) 9685 9260
Mobile:
Location: 1.10

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Publications

Books

  • Lee, C. (2010), 'Lower Partial Moment-Capital Asset Pricing Model in Listed Property Trusts', : Lambert Academic Publishing 9783838353227.

Chapters in Books

  • Lee, C. (2018), 'Oceania', The Routledge REITs Research Handbook, Routledge 9781138063112.

Journal Articles

  • Bangura, M. and Lee, C. (2023), 'The determinants of homeownership affordability in Greater Sydney : evidence from a submarket analysis', Housing Studies, vol 38, no 2 , pp 206 - 232.
  • Bangura, M., Lee, C. and Schafer, B. (2023), 'The unintended consequences of Covid-19 economic responses on first home buyers? : evidence from New South Wales, Australia', Buildings, vol 13, no 5 .
  • Thackway, W., Ng, M., Lee, C. and Pettit, C. (2023), 'Building a predictive machine learning model of gentrification in Sydney', Cities, vol 134 .
  • Thackway, W., Ng, M., Lee, C. and Pettit, C. (2023), 'Implementing a deep-learning model using Google street view to combine social and physical indicators of gentrification', Computers, Environment and Urban Systems, vol 102 .
  • Adilieme, C., Abidoye, R. and Lee, C. (2023), 'Client influence in property valuation : a scoping literature review', Property Management, vol 41, no 5 , pp 629 - 646.
  • Bangura, M. and Lee, C. (2023), '[In Press] The impact of negative gearing on the investment decisions of housing investors : the case of Greater Sydney', Journal of Housing and the Built Environment, .
  • Lee, C., Stevenson, S. and Cho, H. (2022), 'Listed real estate futures trading, market efficiency, and direct real estate linkages : international evidence', Journal of International Money and Finance, vol 127 .
  • Wang, J. and Lee, C. (2022), 'The value of air quality in housing markets : a comparative study of housing sale and rental markets in China', Energy Policy, vol 160 .
  • Bulut, M., Wilkinson, S., Khan, A., Jin, X. and Lee, C. (2021), 'Perceived benefits of retrofitted residential secondary glazing : an exploratory Australian study', International Journal of Building Pathology and Adaptation, vol 39, no 5 , pp 720 - 733.
  • Khan, M., Wang, C. and Lee, C. (2021), 'A framework for developing green building rating tools based on Pakistan's local context', Buildings, vol 11, no 5 .
  • Liang, J., Koo, K. and Lee, C. (2021), 'Transportation infrastructure improvement and real estate value : impact of level crossing removal project on housing prices', Transportation, vol 48, no 6 , pp 2969 - 3011.
  • Lee, C. and Locke, M. (2021), 'The effectiveness of passive land value capture mechanisms in funding infrastructure', Journal of Property Investment and Finance, vol 39, no 3 , pp 283 - 293.
  • Wang, J., Lee, C. and Shirowzhan, S. (2021), 'Macro-impacts of air quality on property values in China : a meta-regression analysis of the literature', Buildings, vol 11, no 2 .
  • Low, S., Ullah, F., Shirowzhan, S., Sepasgozar, S. and Lee, C. (2020), 'Smart digital marketing capabilities for sustainable property development : a case of Malaysia', Sustainability, vol 12, no 13 .
  • Bangura, M. and Lee, C. (2019), 'The differential geography of housing affordability in Sydney : a disaggregated approach', Australian Geographer, vol 50, no 3 , pp 295 - 313.
  • Bi, L., Fan, Y., Gao, M., Lee, C. and Yin, G. (2019), 'Spatial mismatch, enclave effects and employment outcomes for rural migrant workers : empirical evidence from Yunnan Province, China', Habitat International, vol 86 , pp 48 - 60.
  • Al-Masum, M. and Lee, C. (2019), 'Modelling housing prices and market fundamentals : evidence from the Sydney housing market', International Journal of Housing Markets and Analysis, vol 12, no 4 , pp 746 - 762.
  • Lin, Y., Lee, C. and Newell, G. (2019), 'The significance of residential REITs in Japan as an institutionalised property sector', Journal of Property Investment and Finance, vol 37, no 4 , pp 363 - 379.
  • Lin, Y., Cho, H. and Lee, C. (2019), 'The value-added role of sector-specific REITs in Australia', Pacific Rim Property Research Journal, vol 25, no 1 , pp 49 - 72.
  • Zhang, J., Lee, C. and Chan, N. (2019), 'The asymmetric effect of institutional quality on Chinese outward real estate investment', International Journal of Strategic Property Management, vol 23, no 6 , pp 435 - 449.
  • Akimov, A., Lee, C. and Stevenson, S. (2019), 'Interest rate sensitivity in European public real estate markets', Journal of Real Estate Portfolio Management, vol 25, no 2 , pp 138 - 150.
  • Lee, C., Stevenson, S. and Lee, M. (2018), 'Low-frequency volatility of real estate securities and marcoeconomic risk', Accounting and Finance, vol 58, no S1 , pp 311 - 342.
  • Lee, C. (2017), 'An examination of the risk-return relation in the Australian housing market', International Journal of Housing Markets and Analysis, vol 10, no 3 , pp 431 - 449.
  • Lee, M., Lee, C., Lee, M. and Liao, C. (2017), 'Price linkages between Australian housing and stock markets : wealth effect, credit effect or capital switching?', International Journal of Housing Markets and Analysis, vol 10, no 2 , pp 305 - 323.
  • Lee, M., Kuo, S., Lee, M. and Lee, C. (2016), 'Price discovery and volatility transmission in Australian REIT cash and futures market', International Journal of Strategic Property Management, vol 20, no 2 , pp 113 - 129.
  • Rogers, D., Lee, C. and Yan, D. (2015), 'The politics of foreign investment in Australian housing : Chinese investors, translocal sales agents and local resistance', Housing Studies, vol 30, no 5 , pp 730 - 748.
  • Lee, C. and Mallik, G. (2015), 'The impact of student characteristics on academic achievement : findings from an online undergraduate property program', Pacific Rim Property Research Journal, vol 21, no 1 , pp 3 - 14.
  • Newell, G., Lee, C. and Kupke, V. (2015), 'The opportunity of residential property investment vehicles in enhancing affordable rental housing supply', AHURI Positioning Paper Series, vol 166 , pp 1 - 53.
  • Lee, C. (2014), 'The inflation-hedging characteristics of Malaysian residential property', International Journal of Housing Markets and Analysis, vol 7, no 1 , pp 61 - 75.
  • Lee, C., Stevenson, S. and Lee, M. (2014), 'Futures trading, spot price volatility and market efficiency : evidence from European real estate securities futures', Journal of Real Estate Finance and Economics, vol 48, no 2 , pp 299 - 322.
  • Lee, C. and Lee, M. (2014), 'Do European real estate stocks hedge inflation? Evidence from developed and emerging markets', International Journal of Strategic Property Management, vol 18, no 2 , pp 178 - 197.
  • Lee, M., Lee, M., Chiu, B. and Lee, C. (2014), 'Do lunar phases affect US REIT returns?', Investment Analysts Journal, vol 79 , pp 67 - 78.
  • Lee, C. and Reed, R. (2014), 'Volatility decomposition of Australian housing price', Journal of Housing Research, vol 23, no 1 , pp 21 - 43.
  • Lee, C. and Reed, R. (2014), 'The relationship between housing market intervention for first-time buyers and house price volatility', Housing Studies, vol 29, no 8 , pp 1073 - 1095.
  • Newell, G. and Lee, C. (2012), 'Influence of the corporate social responsibility factors and financial factors on REIT performance in Australia', Journal of Property Investment and Finance, vol 30, no 4 , pp 389 - 403.
  • Lee, C. and Lee, M. (2012), 'Hedging effectiveness of REIT futures', Journal of Property Investment and Finance, vol 30, no 3 , pp 257 - 281.
  • Lee, C. and Ting, K. (2011), 'Linkages between Malaysian housing prices, property companies and stocks', Pacific Rim Property Research Journal, vol 17, no 2 , pp 287 - 312.
  • Newell, G. and Lee, C. (2011), 'Assessing the consistency of valuation-smoothing and the impact on property in australian mixed-asset portfolios', Pacific Rim Property Research Journal, vol 17, no 3 , pp 463 - 482.
  • Newell, G. and Lee, C. (2011), 'The impact of alternative assets on the role of direct property in Australian mixed-asset portfolios', Pacific Rim Property Research Journal, vol 17, no 4 , pp 531 - 539.
  • Lee, C. and Jin, X. (2011), 'Exploring Australian housing supply volatility', Pacific Rim Property Research Journal, vol 17, no 4 , pp 634 - 651.
  • Lee, C. (2010), 'Use of derivatives by Australian property funds', Pacific Rim Property Research Journal, vol 16, no 2 , pp 151 - 170.
  • Lee, C. (2009), 'Housing price volatility and its determinants', International Journal of Housing Markets and Analysis, vol 2, no 3 , pp 293 - 308.
  • Lee, C. (2009), 'Downside beta and valuation-based property returns', Pacific Rim Property Research Journal, vol 15, no 2 , pp 182 - 203.
  • Lee, C. and Ting, K. (2009), 'The Role of Malaysian Securitised Real Estate in a Mixed-asset Portfolio', Journal of Financial Management of Property and Construction, vol 14, no 3 , pp 208 - 230.
  • Lee, C. (2009), 'Volatility Transmission in Australian REIT Futures', Journal of Real Estate Portfolio Management, vol 15, no 3 , pp 221 - 238.
  • Lee, C., Reed, R. and Robinson, J. (2008), 'An investigation on the risk perceptions of Australian property fund managers', Pacific Rim Property Research Journal, vol 14, no 2 , pp 199 - 221.
  • Lee, C. (2008), 'Housing in Australia as a portfolio investment', International Journal of Housing Markets and Analysis, vol 1, no 4 , pp 352 - 361.
  • Lee, C. (2008), 'Volatility spillover in Australian Commercial Property', Pacific Rim Property Research Journal, vol 14, no 4 , pp 434 - 457.
  • Lee, C., Robinson, J. and Reed, R. (2008), 'Downside beta and the cross-sectional determinants of listed property trust returns', Journal of Real Estate Portfolio Management, vol 14, no 1 , pp 49 - 62.
  • Lee, C., Robinson, J. and Reed, R. (2008), 'Listed property trusts and downside systematic risk sensitivty', Journal of Property Investment and Finance, vol 26, no 4 , pp 304 - 328.
  • Lee, C., Reed, R. and Robinson, J. (2007), 'Momentum Profits in Australian Listed Property Trusts', Pacific Rim Property Research Journal, vol 13, no 3 , pp 322 - 343.
  • Lee, C. (2006), 'Downside Risk Analysis in Australian Commercial Property', Australian Property Journal, vol 39, no 1 , pp 16 - 20.

Conference Papers

  • Khan, A., Lee, C., Wilkinson, S. and Jin, X. (2019), 'The perceived effectiveness of a secondary-glazing window and households' energy conservation attitudes', CIB Congress, Hong Kong, China.
  • Khan, A., Wilkinson, S., Lee, C. and Jin, X. (2018), 'The relationship between retrofitted double glazed windows and occupant wellbeing', ZEMCH Network. Conference, Melbourne, Vic..
  • Lee, C., Newell, G. and Kupke, V. (2017), 'Australian institutional investors and residential investment vehicles', International Symposium on Advancement of Construction Management and Real Estate, Hangzhou, China.
  • Lee, C. and Mallik, G. (2014), 'The impact of student characteristics on academic achievement : findings from an online undergraduate property program', Pacific Rim Real Estate Society. Conference, Lincoln, N.Z..
  • Lee, C., Stevenson, S. and Lee, M. (2012), 'Futures trading, spot price volatility and market efficiency : evidence from European real estate securities futures title', Pacific Rim Real Estate Society. Conference, Adelaide, S. Aust..
  • Lee, C. and Reed, R. (2011), 'Volatility Decomposition of Australian Housing Prices', The 17th Pacific Rim Real Estate Society Conference, Gold Coast.
  • Lee, C. (2010), 'An Examination Of Volatility Dynamics In Australian REIT Futures', The 16th Pacific Rim Real Estate Society Conference, Wellington, NZ.
  • Lee, C. (2010), 'A Survey Into The Use of Derivatives by Australian Property Funds', The 16th Pacific Rim Real Estate Society Conference, Wellington, NZ.
  • Wu, H., Lee, C. and Chan, N. (2010), 'An Investment Approach To The Emerging Housing Markets In 2nd Tier Chinese Cities', The 16th Pacific Rim Real Estate Society, Wellington, NZ.
  • Jin, X. and Lee, C. (2010), 'A Critical Analysis of Techniques for Risk Mitigation in the Construction Industry', the 1st International Conference on Sustainable Construction and Risk Management, Chongqing, China.
  • Wu, H., Lee, C. and Chan, N. (2009), 'The Significance of Second Tier City Housing Markets in China', 2009 International Conference on Construction & Real Estate Management, Beijing, China.
  • Lee, C. (2009), 'Downside Beta and Appraisal Real Estate Returns', the 15th Pacific Rim Real Estate Society Conference, Sydney, Australia.
  • Lee, C. (2009), 'Volatility Spillover in Australian Real Estate Investment Trust Futures', 2009 Interntional Conference on Construction & Real Estate Management, Beijing, China.
  • Lee, C., Reed, R. and Robinson, J. (2008), 'Behaviour of Property Investors-An Investigation on the Risk Perceptions of Australian Property Funds Managers', the 14th Annual Conference of the Pacific Rim Real Estate Society, Kuala Lumpur, Malaysia.
  • Lee, C., Robinson, J. and Reed, R. (2007), 'Downside Systematic Risk in Australian Listed Property Trusts', The 13th Pacific Rim Real Estate Society Conference, Sydney, Australia.

Other Publications

  • 2017, 'The Impact of Currency on Performance of European Non-listed Real Estate Funds 2017', Report
  • 2017, 'The Performance of PIA Housing Portfolio', Report
  • 2015, 'The Opportunity of Unlisted Wholesale Residential Property Funds in Enhancing Affordable Housing Supply', Report
  • 2014, 'The Sensitivity of European Publically-Listed Real Estate to Interest Rates', Report
  • 2014, 'Estimating Transport Disadvantage and Unmet Transport Need: Methodological Options: Final Report', Report

Previous Projects

Title: The Politics and practice of Chinese direct foreign investment into Australian Housing
Funder:
  • University of Western Sydney
Western Researchers: Dallas Rogers and Chyi Lin Lee
Years: 2013-12-09 - 2015-02-28
ID: P00021819
Title: Distinctions in the Developed and Emerging Markets in the Analysis of the Global Listed Real Estate Sector
Funder:
  • European Public Real Estate Association
Western Researchers: Graeme Newell, Chyi Lin Lee and Alex Pham
Years: 2015-05-04 - 2016-09-30
ID: P00022825
Title: The opportunity of residential property investment vehicles in enhancing affordable rental housing supply
Funder:
  • Australian Housing and Urban Research Institute
Western Researchers: Graeme Newell and Chyi Lin Lee
Years: 2014-04-01 - 2015-06-30
ID: P00021797
Title: Unmet Transport Need in Western Sydney Stage 1 [via Western Sydney Community Forum]
Funder:
  • Transport for NSW
Western Researchers: Awais Piracha, Chyi Lin Lee, Michael Darcy and Hazel Blunden
Years: 2014-07-01 - 2014-11-20
ID: P00022333
Title: The Sensitivity of European Publically Listed Real Estate to Interest Rates
Funder:
  • European Public Real Estate Association
Western Researchers: Chyi Lin Lee
Years: 2014-08-20 - 2015-10-31
ID: P00022746
Title: A study of the impact of climate change on construction industry and the role of construction industry in low carbon economy: a case study approach
Funder:
  • Jones Nicholson Pty Limited
Western Researchers: Qingliang Tang and Chyi Lin Lee
Years: 2016-06-16 - 2017-08-31
ID: P00023196
Title: Volatility Linkages Between Real Estate Investment Trust Futures and Capital Assets
Funder:
  • University of Western Sydney
Western Researchers: Chyi Lin Lee
Years: 2008-09-24 - 2009-09-23
ID: P00016331
Title: The Performance of an Unlisted Residential Property Fund: PIA Case Study
Funder:
  • The Property Investors Alliance Pty Ltd
Western Researchers: Chyi Lin Lee
Years: 2016-08-01 - 2017-03-31
ID: P00023630
Title: Magnetite_Benefits of Retrofitted Residential Double-Glazing Windows
Funder:
  • Magnetite Australia
Western Researchers: Aila Khan, Xiaohua Jin and Chyi Lin Lee
Years: 2017-06-02 - 2018-05-31
ID: P00024222
Title: The Impact of Futures Trading on the Linkages between European Publically Listed Real Estate and Direct Real Estate
Funder:
  • European Public Real Estate Association
Western Researchers: Chyi Lin Lee
Years: 2019-03-26 - 2019-12-20
ID: P00025746
Title: Volatility Decomposition in Housing Prices
Funder:
  • University of Western Sydney
Western Researchers: Chyi Lin Lee
Years: 2009-12-04 - 2010-12-03
ID: P00017707
Title: PIA_Micro Analysis of Residential Property Portfolio Performance
Funder:
  • The Property Investors Alliance Pty Ltd
Western Researchers: Chyi Lin Lee
Years: 2017-06-01 - 2018-02-01
ID: P00024139
Title: Do European Real Estate Stocks Hedge Inflation? Evidence from Developed and Emerging Markets
Funder:
  • European Public Real Estate Association
Western Researchers: Chyi Lin Lee
Years: 2012-01-17 - 2012-10-31
ID: P00020700
Title: The Impact of Currency Risk on the Performance of Non-listed Real Estate Funds
Funder:
  • The European Association of Investors in Non-Listed Real Estate Vehicles (INREV)
Western Researchers: Graeme Newell and Chyi Lin Lee
Years: 2016-03-02 - 2016-06-09
ID: P00023454

Supervision

Associate Professor Lee is available to be a principal supervisor for doctoral projects

Current Supervision

Thesis Title: Investment in Property by Australian Superannuation Funds
Field of Research:
Thesis Title: The Establishment of REITS Market in Vietnam
Field of Research:

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