Associate Professor John MacFarlane

• Biography
• Areas of Research / Teaching Expertise
• Grants / Current Projects
• Awards and Recognition
• Selected Publications
• Optional
• Contact Details

Biography

Associate Professor John MacFarlane’s unusual academic background brings together expertise in the areas of statistics, property (real estate) and investment. Prior to joining the University of Western Sydney in 1981, John was a lecturer in the Department of Statistics, School of Mathematics at the University of New South Wales. At UWS, John has developed his primary interest in the areas of Property and Financial Investment, largely in a business setting. At various times at UWS, he has held positions as Head of School (of Land Economy), Associate Dean (Academic), Chair of Academic Board (UWSH), Deputy Chair of the Academic Senate (UWS) and Acting Dean (UWS College of Law and Business).

John’s primary research is in the quantitative areas of property – particularly property cycles, property investment and mass appraisal. He is a member of the editorial Board of a number of Journals.

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Areas of Research / Teaching Expertise

• Property Investment Analysis
• Real Estate Cycles
• Mass Appraisal
• Automated Valuation Models

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Grants / Current Projects

2005-2010 Ongoing Development of the NSW Mass Valuation System Project subject to annual renewals (currently in its 5th stage) Value in excess of $500,000

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Awards and Recognition

2009 Achievement Award, Pacific Rim Real Estate Society.
2007 Meritorious Service Award, National Division, API.
2006 Meritorious Service Award, NSW Division, API.
1995 Research Award, Journal of the Securities Institute of Australia (jointly with Prof. G. Newell)
1994 Tony Carpenter Property Research Award (from the Property Council of Australia, jointly with Prof. G. Newell)

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Selected Publications

Newell, G.J. and MacFarlane, J.D. 2006, The Accuracy of Property Forecasting in Australia, Pacific Rim Property Research Journal, 12(3): 311-325.

MacFarlane J, 2006, Mass Appraisal: Political and Methodological Issues, Proceedings of the 13th European Real Estate Society Conference, Weimar, Germany MacFarlane J, 2006, Issues in Mass Appraisal, Proceedings of the 12th Pacific Rim Real Estate Society Conference, Auckland, New Zealand.

MacFarlane J, 2005, The Shape of the Property Cycle, Proceedings of the 11th Pacific Rim Real Estate Society Conference, Melbourne. Parker D., MacFarlane, J., Murray, J. and Peng, V., Forecasting Property Market Cycles: An Application of the RICS Model to the Sydney CBD Office Market, Journal of Financial Management of Property and Construction,

2003, 8(3): 179-191 Newell, G.J. and MacFarlane, J.D. 1998, The Effect of Seasonality of Valuations on Property Risk, Journal of Property Research, 15(3): 167-182. Newell, G.J. and MacFarlane, J.D. 1996, Risk Estimation and Appraisal Smoothing in UK Property Returns, Journal of Property Research, 13(1):1-12. MacFarlane, J.D. 1995, The use of Simulation in Property Investment Analysis, Journal of Property Valuation and Investment, 13(4): 25-38.

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Optional

John is a fellow of the Australian Property Institute (API). He was a member of the National Education Committee for 10 years, in which capacity he chaired Accreditation Panels at a number of Australian Universities. He is currently a member of both the NSW Research Committee (which produces the 6-monthly Australian Property Directions Survey) and the National Research Committee for the API. John was an Expert Witness at the 2005 NSW Ombudsman’s Inquiry: “Improving the quality of land valuations produced by the Valuer General”. He was also a member of the 2007 Review of Commerce Programs at Lincoln University, NZ and is a member of the NSW Technical Committee on Scaling (for ATAR and HSC results).

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