House Rents In Australia

Running Head: HOUSE RENTS IN AUSTRALIA
House Rents In Australia
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1HOUSE RENTS IN AUSTRALIA
Executive Summary
This research mainly deals with the household rent of the people renting apartments in
Australia. This renting culture is very common in Australian Suburbs. People rent apartments
mostly to stay close to their workplaces or places of education. It has been observed that
people with large families tend to rent apartments and also service holders and students are
more common in renting apartments. The information collected on the sample of 20
respondents have been found to be lying within the confidence intervals.

2HOUSE RENTS IN AUSTRALIA
Table of Contents
1.0 Introduction..........................................................................................................................3
2.0 Method of Data Collection...................................................................................................3
3.0 Summary of the Dataset.......................................................................................................4
4.0 Descriptive Data Analysis....................................................................................................7
5.0 Interval Estimation...............................................................................................................9
6.0 Conclusion and Recommendation......................................................................................10
References................................................................................................................................11
Appendix..................................................................................................................................12

3HOUSE RENTS IN AUSTRALIA
1.0 Introduction
A lot of people in the Australian suburbs stay in rented houses (Ruming and Dowling
2017). There are various reasons behind this. Some of them might not be Australian citizens
or a citizen of that particular area, who have come for work or study purpose (Neutze 2016).
Another reason can be affordability (Willing and Pojani 2017). Not everybody can afford a
house in the country and thus they prefer to rent it. Otherwise, they might already have a
house in some other states and it would not be necessary to have another one near their
college or work place (Rosewall and Shoory 2017). Thus, renting has been very common in
Australia. Some prefer to rent houses and some others prefer to rent apartments (Hulse et al
2018).
This study mainly relates to the people who rent a house in the Australian suburbs.
Thus the targeted population is the people renting houses in the Australian Suburbs. This
research is mainly aimed towards finding the following research questions:
 What is the most appropriate range within which the people prefer to tent a house?
 That is the most significant range of income within which people prefer renting house
rather than buying one?
 What is the bond amount that has to be paid while renting a house or an apartment?
In order to get answers to the research questions stated above, the following research
has been carried out. Appropriate statistical techniques will be applied in order to get the
necessary results.
2.0 Method of Data Collection
To conduct the study that has been described above, data will be necessary on the
people residing in rented houses in the suburbs of Australia. For the purpose of the collection
of the data, a questionnaire has been designed. The questionnaire has 10 questions in totality