Economics Assignment: Housing Affordability in Australia

Running head: Economics Assignment
Economics Assignment
Name of the student
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Economics Assignment
Table of Contents
Introduction...........................................................................................................3
Main Issues...........................................................................................................3
Stakeholders..........................................................................................................5
Economic Concepts..............................................................................................6
Alternative solutions.............................................................................................9
Conclusion & Recommendations.......................................................................10
Reference list......................................................................................................11

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Economics Assignment
Executive summary
The development of economy of the Australia is having high crisis and in
order to increase the development of better policies that will not only indulge
the development of economy and better demand. On the other hand, it has been
seen that in order to increase the development of better accessibility of
government policies the Australian economy will be able to increase the
demand and supply of housing.

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Economics Assignment
Introduction
In the economy of Australia, the condition of the housing is one of the
biggest concern for the individuals. The study is important in the sense that it
will identify the housing affordability is one of the biggest concern in modern
world. The study will identify the main economic reason that the housing
market of Australia has now become instable in nature. On the other hand, the
study will definitely indulge in highlighting the importance of the stakeholders
in improving the business. Through the development of economic activities, the
importance of stakeholders in improving the situation in the economy. The
study is significant in the sense that it will definitely increase the scope of
developing the policies that will increase the effectiveness of economic
efficiency.
Main Issues
1.1Causes
In 2012, the Port Macquarie on the New South Wales was the most
affordable housing market in Australia and it was fifth least affordable market
in the global market. It was the most unaffordable housing market after Sydney.
Some of the factors has been identified behind this outcome. First factors that
has been identified is the way the Australians are living their lives.
Communities like Wingecarribee and Tweed Heads have different standard of
living. On the other hand, southern highlands of NSW and Queensland-NSW