Property Economics Report 2022

Economics 1
Property Economics
By [Name]
Institution
Date
2019
Property Economics

Economics 2
EXECUTIVE SUMMARY
Urban development is a major concern for national development in Australia. However, both
contemporary micro and macro property economic factors such as social, environmental,
political, and financial factors must be taken in to consideration. The Sunshine Coast is a peri-
urban area located within Queensland, Australia with its economic growth approximated to be
greater than most of developing economies. To improve its property development, construction
of new buildings within the region must comply with regulation set by the sunshine coast
regional council. As this is the backbone of the property development in most developed
economies. Factors affecting macro property development in the Sunshine Coast were found to
be entirely related to an economic situation in the country. These included unemployment,
economic growth rate, gross domestic product, and inflation. Sunshine Coast Region was found
to be hosting 0.91 percent of GRP for Australia thus its property development is directly related
to the national economic performance in terms of job creation, inflation performance, and
property prices. On the other hand, microeconomic factors such as supply stability, market
competition, customer base, and media coverage were also found to play a major role in the
major economic development of the Sunshine Coast both in short and long term goal.

Economics 3
Table of Content
EXECUTIVE SUMMARY.............................................................................................................2
1.0. INTRODUCTION................................................................................................................5
1.1. Short Term Impacts..............................................................................................................6
1.1.1. Employment opportunity...............................................................................................6
1.1.2. Income Generation........................................................................................................8
1.1.3. Green Cover..................................................................................................................8
1.1.4. Traffic Congestion.........................................................................................................8
1.2. Medium Term Impacts.........................................................................................................9
1.2.1. School Construction......................................................................................................9
1.2.2. Rehabilitation parks.......................................................................................................9
1.2.3. Road networks...............................................................................................................9
1.3. Long term Impacts..............................................................................................................10
1.3.1. Innovation Hub............................................................................................................10
1.3.2. Enhanced living standards...........................................................................................10
1.3.3. Permanent ad Part-time Job Creation..........................................................................11
1.4. Socio-Economic, Environmental, and Political Factors.....................................................11
1.4.1. Social issues................................................................................................................11
1.4.2. Economic issues..........................................................................................................11
1.4.3. Environmental issues...................................................................................................12

Economics 4
1.4.4. Political issues.............................................................................................................12
1.5. Macro and Micro Economic Factors..................................................................................12
1.5.1.1. Gross Domestic Product..........................................................................................13
1.5.1.2. Inflation Rate...........................................................................................................14
1.5.1.3. Political Stability.....................................................................................................14
1.5.1.4. Unemployment Rates...............................................................................................15
1.5.1.5. Interest Rates...........................................................................................................15
1.5.1.6. Fiscal & Monetary Policy........................................................................................16
1.5.2. Micro Economic Factors.................................................................................................16
1.5.2.1. Environment and Social Costs.................................................................................16
1.5.2.2. Property Rights........................................................................................................17
1.6. Conclusion..........................................................................................................................17
References......................................................................................................................................18