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BECO107 Business Economics

tag 0 Download 9 Pages / 2,077 Words tag 15-07-2021

Question:

You are to write a 1500 words essay on the booming housing market.Houses in the capital cities of Sydney and Melbourne are at a stratospheric level. Apartments in the two capital cities are selling at $800000 and above and houses are over $1.2 million mark. Some economists claimed the high prices of houses is due to not enough houses being built and thus creating a shortage (supply) and on the other hand, there are claims that too many immigrants are coming to Australia and competing with Australian purchasers, pushing up the house prices upward (demand).

You are to write an assignment and provide reasons as to:
a) Discuss as to why house prices are so high in these two capital cities and provide evidence to support your answer.
b) Suggest ways the house prices can be contained (reduced) and provide evidence to support your answer.
c) If you are a young professional with a very young family, provide reasons how one can afford to buy into such an expensive housing market in Sydney or Melbourne at such current high price and provide evidence to support your answer.You can use any aspect of Business Economics that you have studied or researched in writing your assignment.
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My Assignment Help. BECO107 Business Economics [Internet]. My Assignment Help. 2021 [cited 30 January 2023]. Available from: https://myassignmenthelp.com/free-samples/beco107-business-economics/housing-markets.html.


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