Impact of Global Financial Crisis on Australian Property Market

Business research
Student id:
FEBRUARY 7, 2019

Table of Contents
Introduction................................................................................................................................2
Research Title.........................................................................................................................2
Research aim and objectives..................................................................................................2
Statement of the problem........................................................................................................2
Justification.............................................................................................................................3
Potential output of the research..............................................................................................3
Research hypotheses...............................................................................................................3
Conceptual framework...............................................................................................................4
Research methodology...............................................................................................................5
Research Approach.................................................................................................................5
Research Types.......................................................................................................................6
Research Method....................................................................................................................6
Data Collection Method.........................................................................................................7
Data Analysis..........................................................................................................................7
Research Limitations..............................................................................................................7
Organisation of the study...........................................................................................................8
Introduction section................................................................................................................8
Literature review....................................................................................................................8
Research methodology...........................................................................................................8
Data analysis and findings......................................................................................................9
Conclusion and recommendation...........................................................................................9
Project budget and schedule.......................................................................................................9
Justification.............................................................................................................................9
References................................................................................................................................11

Introduction
Research Title
The research title of this study is to investigate the Impact of Global Financial Crisis on
Australian Property Market.
Research aim and objectives
The key purpose of this research is to investigate impact of Global Financial Crisis on
Australian Property Market. The researcher accomplishes the following objectives to
complete aim of study:
 To explore methods wherein the crisis of the financial market for real estate market
place.
 To identify the factors that affect the real estate fluctuation in the Australia market
 To discover probable approaches to decline volatility of the property market.
Statement of the problem
The property market is increasing from Australia, USA and UK to China, Spain, as well as
France. An increase in property rate was since the early 2000 due to higher demand for the
real estate, which has gained because of interest rate for loans as well as scope of practicing
the security. The borrowers invested into housing properties whose rates were ever increasing
as well as resell those to earn profit for refining their mortgages (Mera and Renaud, 2016).
The financial crisis in the year of 2008 to 2009 has fundamentally influence the real estate
market of Australia. It could generate complexities within the economics acts of nation.
Under such environment, it is significant to assess acts in real estate market of Australia. By
assessing factor behind alterations in real estate value, it is assessed that where real estate
market was influenced by GEC (global economic crisis) (Jackson, 2018).

Justification
In 2008 to 2009, global crisis has directly impact on the economics condition of the country
as well influences the all events of the country. But, real estate market is different crisis that
is beginning by gaining demand for house because of higher growing estimation. Crisis has
created in the US as well as influenced nations such as Japan, Canada, Australia, China,
Greece, Spain, India, New Zealand, and France. Thus, it is evaluated that the global crisis
could impact on the overall business performance of the Australia (Yates, 2014). The housing
gurgle could direct for bursting real estate business, which may influence investor at higher
extent. Hence, it is required to assess fluctuates in real estate business because of national
economic crisis (Ley, 2017).
Potential output of the research
It could be expected that global economic crisis is highly impact on the property market in
Australia. It is also evaluated that the rate of interest is not increased effectively as well as
inadequacy of real estate in the Australia restricted trickle of booming in real estate market.
By using investigation, it could be predicted to address technique wherein a crisis is
channelized to property market by the financial marketplace (Dreger, Kholodilin, Ulbricht,
and Fidrmuc, 2016).
Research hypotheses
The following research hypothesis is considered by the researcher to evaluate presume
outcome for particular study:
 Null Hypothesis (H0): There is positive relationship between Global Financial Crisis
and real estate market of Australia.
 Alternative Hypothesis (H1): There is no relationship between Global Financial Crisis
and real estate market of Australia.