Business Research - Assignment Solved

Added on - 31 May 2021

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Running Head: BUSINESS RESEARCHBUSINESS RESEARCH
2BUSINESS RESEARCHTable of Contents1. Introduction.......................................................................................................................................33. Project Scope.....................................................................................................................................34. Literature Review..............................................................................................................................4Summary of Assignment 1................................................................................................................4Research justification........................................................................................................................5Literature review gap and opportunity...............................................................................................55. Research Questions/Hypothesis.........................................................................................................56. Research Design and Methodology...................................................................................................5Qualitative research...........................................................................................................................6Quantitative research.........................................................................................................................87. Research limitation..........................................................................................................................108. Research Time plan.........................................................................................................................109. Conclusion.......................................................................................................................................1110. References.....................................................................................................................................1111. Appendix.......................................................................................................................................14Research Plan..................................................................................................................................14
3BUSINESS RESEARCH1. IntroductionHouse is the basic requirement of individuals. In Australia, 70% of Australian has their ownhouse while 28% of Australians are living in the rented house. Further, housing plays a keyrole in evaluating the gross domestic product of nation. In current scenario, houses priceshave continued enhanced in the Australia that impact on the growth of economy. On behalf ofBIS Shrapnel, prices of houses are increased by 19% as it would influence growth of country(Kumhof, et al., 2015).The enhancement in the prices of housing could directly influenceboth economic and social situation of people especially the lower income individuals. Thispaper mainly discusses the impact of increasing house prices on the lower income people.2. Project ObjectiveThe main aim of this research is to address impacts of rising prices of houses on lowerincome earners of Sydney. The investigators will use following objectives for attainment ofthe aim:To analyse situation of socio and economic of SydneyTo investigate factors that affect the prices of houses in SydneyTo determine the higher rate of housing on the lower income earners of the Sydney3. Project ScopeThis section supports to gain the understanding of researcher about impact of rising in houseprices on the lower income people of Sydney. This report aid the researcher to improve theirexisting information about certain areas like situation of Sydney, affordability of price,situation of economic and social on the citizen, higher price impact on the lower incomeearners. This project could also be imperative in case research scholar wants to make theircareer in the economic field. It will aid the researcher to successfully conduct their research
4BUSINESS RESEARCHand obtain their valid and reliable result.4. Literature ReviewSummary of Assignment 1It can also be summarized that Sydney makes 54,801 indigenous heritages in which most ofindividuals belonging to Germans, Scottish, Chinese, British, and Irish immigrants. Sidneyalways hosts many festivals in their country that makes them leading country at the nationallevel. On behalf of GRP Sydney, 70% of GSP (gross state product) was estimated in 2015. Inaddition, it is also found that the growth rate of GSP has been enhanced by 2.7% as compareto the last three years (O'connor, 2017). It could direct impact on the enhancement of theprices of house. In addition, it is also found that real estate organizations give their 3.7% ofcontribution in the enhancement of economy development.A large number of Australian living in their self-contained private houses as it demonstratestheir preference towards home. In addition, it is also analysed that people of Sydney investtheir more than 50% of income in the housing. It is also analysed that Sydney is thirdexpensive country with regards to the housing (Stockhammer, 2015). It can also be concludedthat the prices of housing is increased due the continued enhancement in the foreigninvestment. The higher foreign investment could increase the demand of residential market asit would enhance directly impact on the prices of houses.The changes in the prices of houses could directly influence the social and social condition ofthe people. It could influence the standard of living, unemployment level, higher insecurity,inequality, and demand of loan. It can also be concluded that standard of living demonstratesthe consumption level of individuals towards quality and expensive products and services(Bricker, et al., 2017). The standard of living could also be determined as the flow of cash-income for consuming needed goods and services.
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