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Research Fellow in Real Estate, Centre for Applied Economic Research, UNSW Sydney

Nigel has a PhD in Economics from UNSW and a Bachelor of Economics with Honours from the University of Adelaide. He started his career in Canberra 1976-86, where he worked in the Commonwealth Treasury. He then worked at the Westpac Banking Corporation 1986-2003 where he was Chief Economist from 1993. Nigel has been at UNSW Business School since 2003 where he completed a PhD on the long-run history of house prices in Australia (1880-2006). At the UNSW Business School, he was Associate Head of School 2008-13, was the Andrew Roberts Fellow in Real Estate 2013-16, and is now a Research Fellow in Real Estate in the Centre for Applied Economic Research (CAER). He established and now coordinates the real estate teaching program at the Business School and teaches the Real Estate Economics and Public Policy course for both undergraduate and postgraduate students. He also works part-time for MacroPlan, a firm which advises private sector firms and State and Local Government on urban policy and planning. Nigel is a regular commentator in the media on macro-economics and housing.


  • –present
    Andrew Roberts Fellow and Director Real Estate Research and Teaching Centre for Applied Economic Research, UNSW Australia


  • 2007 
    UNSW, PhD
  • 1980 
    ANU , Bachelor of Law
  • 1976 
    University of Adelaide, Bachelor of Economics (Honours)


  • 2017
    Is the current period of price movements unusual?, Committee from Economic Development of Australia (CEDA) Report on Housing Australia, August 2017
  • 2017
    UNSW Business School Research Paper No. 2017-01, How Predictable? Rent Growth and Returns in Sydney and Melbourne Housing Markets
  • 2016
    The Australian Economic Review, Volume 49, Number 3, The Inexorable Rise in House Prices in Australia Since 1970: Unique or Not?
  • 2013
    Australia’s Major Terms of Trade and Resource Shocks, 1800-2013: Sources and Impacts, Centre for Economic History Australian National University Discussion Paper Series
  • 2012
    Historical Housing-related Statistics for Australia 1881-2011 – A Short Note, UNSW Business School Research Paper
  • 2012
    Trends and Cycles in Sydney and Melbourne House Prices from 1880 to 2011, Australian Economic History Review
  • 2011
    The Benefits (and Costs) of Foresight and Hindsight in Macro Policy Formulation, Agenda
  • 2009
    Housing and the Global Financial Crisis: US versus Australia, The Economic and Labour Relations Review

Professional Memberships

  • American Real Estate and Urban Economics Association