Financial Planning for Buying a House in Sydney

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Finance
Name of the Student:
Name of the University:
Authors Note:

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Table of Contents
Answer (Question 1):.................................................................................................................3
Answer (Question 2):.................................................................................................................4
Answer (Question 3):.................................................................................................................5
Answer (Question 4):.................................................................................................................6
Answer (Question 5):.................................................................................................................7
Answer (Question 6):.................................................................................................................9
Answer (Question 7):...............................................................................................................10
Reference and Bibliography:....................................................................................................11

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Answer (Question 1):
Year Price Four Year Average Price change
2002 404
2003 474
2004 509
2005 494 470
2006 487 491 4.41%
2007 512 500 1.93%
2008 491 496 -0.92%
2009 508 499 0.72%
2010 603 528 5.84%
2011 567 542 2.61%
2012 608 572 5.42%
2013 670 612 7.07%
2014 759 651 6.34%
2015 878 729 11.97%
2016 919 806 10.66%
2017 978 883 9.53%
Average 5.46%
Year
0
Year
1
Year
2
Year
3
Year
4
Year
5
Year
6
Year
7
Year
8
Year
9
Year
10
Year
11
Year
12
Year
13
Year
14
Year
15
Year
16
Year
17
Year
18
Year
19
Year
20
$-
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$0.98
$2.83
Sydney property price In Million
The calculation conducted in the above table relatively represents the average value of
property prices in Sydney, which could be used while drafting the overall financial plan for

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the client. The 4-year average price is relatively used to detect the overall changing prices of
property in Sydney, which is then average it to identify the growth in property price. The
growth values a relatively used to identify the future price change in property that will
income in the next 20 years. This detection of the overall is essential to understand the level
of expenses that will in curve by the client to buy a housing property in Sydney. With the
help of the graph it could be identified that the property price but relatively increased from
$0.98 million to $2.83 million in 20 years. Therefore, adequate financial planners to be
conducted for the client so that she could attend the Australian dream of buying a house in
Sydney (Baker & Lester, 2017).
Answer (Question 2):
Year Weekly Income Yearly Income Four Year Average Price change
1994–95 $ 642 $ 33,384
1995–96 $ 626 $ 32,552
1996–97 $ 648 $ 33,696
1997–98 $ 664 $ 34,528 33,540
1999–2000 $ 692 $ 35,984 34,190 1.94%
2000–01 $ 709 $ 36,868 35,269 3.16%
2002–03 $ 726 $ 37,752 36,283 2.88%
2003–04(a) $ 806 $ 41,912 38,129 5.09%
2005–06(a) $ 870 $ 45,240 40,443 6.07%
2007–08(a) $ 994 $ 51,688 44,148 9.16%
2009–10(a) $ 981 $ 51,012 47,463 7.51%
2011–12(a) $ 1,015 $ 52,780 50,180 5.72%
2013–14(a) $ 1,046 $ 54,392 52,468 4.56%
2015–16(a) $ 1,070 $ 55,640 53,456 1.88%
Average 4.80%
Growth in Income 4.80%