The Australian Housing Affordability Challenge - PDF
Added on 2021-05-27
12 Pages2059 Words33 Views
|
|
|
Running head: FINANCEFinanceName of the Student:Name of the University:Authors Note:
![The Australian Housing Affordability Challenge - PDF_1](/_next/image/?url=https%3A%2F%2Fdesklib.com%2Fmedia%2Fimages%2Fvu%2F0a408dd587954b87bd6013de0117ac8a.jpg&w=3840&q=10)
FINANCE1Table of ContentsQuestion 1:.................................................................................................................................2Question 2:.................................................................................................................................2Question 3:.................................................................................................................................4Question 4:.................................................................................................................................5Question 5:.................................................................................................................................6Question 6:.................................................................................................................................8Question 7:.................................................................................................................................9Reference and Bibliography:....................................................................................................10
![The Australian Housing Affordability Challenge - PDF_2](/_next/image/?url=https%3A%2F%2Fdesklib.com%2Fmedia%2Fimages%2Fax%2F7145c9f4f5ab4c2382572d7b4b87ab6d.jpg&w=3840&q=10)
FINANCE2Question 1:Melbourne historical property price is a relatively used for identifying the growth inproperty price. This detection of the growth in property price is a relatively helpful forderiving and preparing the financial plan for the client who is intended to achieve herAustrian Dream by purchasing the house. Adequate calculation of 2-year price average isused to calculate the price change in property of Melbourne to detect the future growth rate.In addition, average value of price change is taken for deriving the future 20-year propertyprice (Rogers, Lee & Yan, 2015).$- $500.00 $1,000.00 $1,500.00 $2,000.00 $2,500.00 $684.00 $2,370.80 Melbourne property price forecaste for next 20 years "000The above figure relatively helps in depicting the overall price change of propertyover 20 years, which is essential to understand the level of investment that will be conductedby the client. The property prices relatively increased from 684,000 to 2,370,800 in 20 years,which relatively indicates the need of adequate investments by the client to buy the house inMelbourne.
![The Australian Housing Affordability Challenge - PDF_3](/_next/image/?url=https%3A%2F%2Fdesklib.com%2Fmedia%2Fimages%2Fcz%2F54fc87cee45649828133151920dc8196.jpg&w=3840&q=10)
FINANCE3Question 2:Year Weekly Income Yearly IncomeTwo Year AveragePrice change1994–95 $ 1,340 $ 69,680 1995–96 $ 1,297 $ 67,444 68,562 1996–97 $ 1,342 $ 69,784 68,614 0.08%1997–98 $ 1,400 $ 72,800 71,292 3.90%1999–2000 $ 1,534 $ 79,768 76,284 7.00%2000–01 $ 1,475 $ 76,700 78,234 2.56%2002–03 $ 1,525 $ 79,300 78,000 -0.30%2003–04(a) $ 1,582 $ 82,264 80,782 3.57%2005–06(a) $ 1,681 $ 87,412 84,838 5.02%2007–08(a) $ 1,967 $ 102,284 94,848 11.80%2009–10(a) $ 1,870 $ 97,240 99,762 5.18%2011–12(a) $ 1,914 $ 99,528 98,384 -1.38%2013–14(a) $ 2,016 $ 104,832 102,180 3.86%2015–16(a) $ 2,055 $ 106,860 105,846 3.59% Average 3.74%Inflation1.97%Growth in Income5.71%The table relatively holds the 20-year data of income that is generated by salariedindividuals in Melbourne. This calculation would eventually help in evaluating the level ofincrement in income that will obtain by the client in future 20 years. The 2-year averagecalculation is conducted to determine the average increment in income, while the differenceis used to detect the price change between the averages. Moreover, the price change averageis taken into consideration as an incremental growth rate for the income generated inMelbourne for next 20 years. In addition, the inflation rate is also added to the income groupwhich is essential as inflation plays a vital role in raising the level of income for citizens(Jacobs, 2015).
![The Australian Housing Affordability Challenge - PDF_4](/_next/image/?url=https%3A%2F%2Fdesklib.com%2Fmedia%2Fimages%2Fgi%2F63ddabade7734436b468250079360ef3.jpg&w=3840&q=10)
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Master of Professional Accounting - Study Material and Solved Assignmentslg...
|11
|2303
|411
Business Finance: Property Price, Income, Expense, Tax and Savingslg...
|15
|3183
|473
Business Finance: Analysis on Sydney Housing Price, Income Growth, Loan Availment, Property Value and Upfront Paymentlg...
|11
|2161
|403
Business Finance - Study Material and Solved Assignmentslg...
|8
|1521
|158
Assignment on Business Finance (pdf)lg...
|12
|2693
|26
Business Finance: Financial Planning for Property Purchaselg...
|12
|2584
|227