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The Growth of House Prices in Australian Capital Cities

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Added on  2021-04-17

The Growth of House Prices in Australian Capital Cities

   Added on 2021-04-17

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Research proposal 1Factors affecting the rise of housing prices in Australia Problem Statement:In recent times, a substantial increase in the prices of the houses is observed in Australia. Such an increase of the prices is the result of certain factors, however the pragmatic research recommend the fact for the rising prices of dwelling in the country is due to contribution of the two main factors demographic and population change (Gallin, 2006). It has been observedthat the migrations around the globe play an expanded role for the expansion of the enlarged population in Australia and thus affecting the economic capacity (Stapledon, 2016). The connectivity among the housing and the different factors are not linear as different factors involve the economic and the demographic trends of Australia (Yang & Yang, 2014).Housing act as an integral part of Australia’s monetary infrastructure. The family unit houses are rapidly becoming the novel engine of the economic growth. Many of the houses are nowadays used to run a small business and to perform the office works (Chowdhury & Mallik, 2004). Hence housing is creating a greater flow of the economic services. The input of the housing sector to employment ad Australian GDP is notable (Waite Cassidy, 2017). Allthrough the five years from 2000-01 to 2005-06, (Mayock, 2015) well-known dwelling pricesamplified by an additional 110% an average of 16.2% per year) (Mayock, 2015). Among 2002-03 and 2006-07 conventional dwelling prices improved by an average of 33 % (Mayock, 2015). Consequently, accommodation affordability is extensively discussed issue between the Australian politicians, policy makers and academics (Fien & Charlesworth, 2012).
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Research proposal 2Aims and objectives:The purpose of the research proposal is to understand and the role of the different factors in the increases prices of the housing in Australia ad to evaluate the effect of the housing rising prices in Australia (Stadelmann, 2010). The objectives are to understand the Effect of the increased prices of the houses on the Australian household ad economyExecution and formulation of such policies which are of greater interest to the Australian economy and the household How immigration affects the housing prices of Australia Effect of the three broad categories; cyclic, institutional and long term among the increased prices of the housing in Australia (Brown, Brown, O’connor, Schwann & Scott, 2011)Negative effects of the rising prises of housing in AustraliaMethodology:To access the variables those are affecting the rising prices of the houses in Australia, and how such rising prices affect the economy of Australia (Matlack & Vigdor, 2008). The study will choose the qualitative research and the steps involved in the qualitative research are the problem identification; literature review for the problem identification, collection of data, research objectives, analysis of data and to conclude on the basis of the data collected and research done (Gallin, 2004). Literature review: is done to access the latest issues that are affecting the housing prices in Australia which may include the economic reason, immigration ad shifting of the new individuals to Australia, short term, long term and institutional factors (Wood & Ong, 2011).
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