StudentShare solutions
Triangle menu

Housing Prices in Australia - Research Paper Example

Not dowloaded yet

Extract of sample
Housing Prices in Australia

The headline says: "Government policies, charges 'stifling' housing growth." The report says that "the Property Council of Australia is warning of a looming housing shortfall as prices and taxes increase." The surge in median house prices in the last seven years has shut many people out of the market, ABC News quoted the Council as saying. The report however is on Western Australia and not on the whole of Australia, but still there has to be concern to avoid a possible downturn.
From a stable property market, there is a trend of slowing down due to circumstances or causes that are the primary focus of this study. However, the situation may not be serious. The causes will be enumerated in the literature review.
Property market in Australia is a major source of wealth creation for investors, contributing to the socio-economic well being of all Australians. The Real Estate Institute of Australia states that in the financial year 2005/2006, property sales totaled $186.1 billion. The Institute further said that 67% of Australians owned their houses and 28% rented on the private market. Property affects everybody in Australia. Those who are renting their houses and those who own their houses are a subject of surveys by the prominent institutions in Australia and even from outside Australia.
Over the pa
The Real Estate Institute of Australia follows and conducts studies and trends in the real estate business in Australia. It is the national professional association for the real estate industry.

Over the past years, right after the 1991-1992 economic recession, there has been a stable residential property market in Australia. But there is a growing defect that the Property Council of Australia has warned in its latest press release. This pertains to the higher taxes imposed by the government.

3.0 Purpose and Objectives

This study will examine the underlying growth on the property market of Australia and the impact of the higher taxes. Surveys conducted by prestigious organizations like Standard and Poor's and Real Estate Institute of Australia and other similar organizations that have stakes in the property market have revealed a steady growth. This was recorded over the past 35 years by Standard & Poor's and the years preceding the 1991-1992 economic crisis.
We will also study the present policies of government over real estate and their imposition of charges and taxes, whether these taxes or fees are bearable by the general public. The people who are at stake here are those who own or rent their houses.
Following are the questions to be answered in the study:
1. Is the stable growth registered by the property ...Show more

Summary

According to surveys by prestigious institutions like Standard and Poor's, property Market in Australia over the years can be described as stable. If we look at history and the ratings conducted, there has been a record of a relatively low, by global standard, on delinquency and default rates on residential mortgages, with a relatively stable residential property market…
Author : ehowell
Housing Prices in Australia essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"Housing Prices in Australia"
with a personal 20% discount.
Grab the best paper

Related Essays

Rising Gas Prices
Gas prices should only be able to reach $5.00 per gallon at the highest for Regular, $5.40 for Premium, and $6.00 for Diesel. In today’s society, gas prices are too high with the status of the United States economy. Gas prices increase daily with an average of about $0.02 a day.
7 pages (1750 words) Research Paper
Rising Gas Prices
In the same article, West Texas Intermediate (WTI) crude for delivery in May was up four cents to $102.71 per barrel. However other recent news show the opposite. According to an article by ABC News, dated April 19, 2012 entitled “More Gas Price Cuts Likely Soon”, gas prices appear to have peaked and are likely to head lower in the coming weeks, supported by gasoline futures dropping four days in a arrow and a slight decline in pump prices in the past couple of weeks.
3 pages (750 words) Research Paper
Financial Analysis of Bluescope Steel Ltd and Onesteel Ltd Australia
The first part of the report provide an overview of each of the two companies under review, section two of each section analyses each of the companies by focusing on the profitability, liquidity and solvency ratios. Globalization, the new information technology, and deregulation of financial markets and the quest for market dominance have eased the provision and search of finance.
11 pages (2750 words) Research Paper
Gasoline Prices Research Paper
However, there may also be shorter term influences that the weather has on the price of gas. It is natural to believe that when the weather is clear and sunny that people may want to travel, even for a short distance for the day. This would create a temporary increase in demand that should be reflected in a rise in price.
2 pages (500 words) Research Paper
Material prices influence
This shows that the activity based approach shows the actual cost for each product by tracing down the origin of the cost. Hence, the customers of one product will not be charged with the cost which was incurred for other products. When the market prices are used as the transfer prices, it is disadvantageous for L ltd.
12 pages (3000 words) Research Paper
Rising gas prices
In the same article, West Texas Intermediate (WTI) crude for delivery in May was up four cents to $102.71 per barrel. However other recent news show the opposite. According to an article by ABC News,
3 pages (750 words) Research Paper
STUDENT HOUSING PROJECT (AMSTERDAM)
The discrepancy in BOT (balance of trade) between Asian and western countries has created a surplus of conveyance containers in western states including Netherlands. A Dutch developer dedicated to resolving the
3 pages (750 words) Research Paper
Housing Policy Seoul, Korea
From a population of just 900,000 people after the Second World War, the city in 1998 reached a population of 10 million before slightly falling to its present population of 9.82 million. Moreover, the
10 pages (2500 words) Research Paper
STUDENT HOUSING PROJECT (AMSTERDAM)
The houses are spacious, sustainable, well ventilated and comfortable besides being green or sustainable. Constructed in 2005, the 5-floor dormitories are on a flat ground and are built on a strong foundation with the containers welded together for strength. The houses also
13 pages (3250 words) Research Paper
Crude oil prices
Some of them include the oversupplying of the product, inflated American currency, impact from the OPEC, and several deals that America has made with war-torn oil-producing countries. This article
3 pages (750 words) Research Paper
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation