Is This A Property Bubble And Will It Burst? Nz$31 Billion Man To Give Answers
With NZ $31 billion (AU$27 billion) under his control, Dr Doug McTaggart, CEO of the Queensland Investment Corporation,
has some views on property and the international investment market which he will be sharing at his key note address at
the up coming New Zealand Property Institute conference being held at the Hyatt Hotel, Auckland, on Thursday 3rd and
Friday 4th July 2003.
New Zealand Property Institute CEO, Conor English said today, "Dr McTaggart, will use NZ, Australian and international
data to talk about whether or not we are seeing a global/Australian/NZ property bubble, what the impact of the recent
equity bubble has been, and what drives decisions to invest in either property or equity.
His presentation will also focus on global economic conditions as a key driver in these markets and economies. Being
responsible for over NZ$31 billion he needs to have a rough idea of what is going on! He will bring a global perspective
but with local knowledge to what is driving property forward, and what is happening with "the bubble"," Mr English
concluded.
Doug McTaggart is the Chief Executive Officer of the Queensland Investment Corporation which manages over AU$27 billion
in assets. Dr McTaggart has held various positions as an academic economist, most recently Professor of Economics and
Associate Dean at Bond University. Prior to joining QIC he was the Under Treasurer and Under Secretary of the Queensland
Department of Treasury
He is currently Chairman of the Investment & Financial Services Association (IFSA), a Councillor on the National Competition Council (NCC), and a Council Member of
the Queensland University of Technology (QUT).
He has been President of the Economic Society, Australia and a member of the Australian Accounting Standards Board. He
holds an Honours Degree in Economics from the Australian National University, and a Masters Degree and PhD from the
University of Chicago.