Understanding Students Future Expectations on owning Properties in Sydney
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Affiliation
Understanding Students Future Expectations on owning Properties in Sydney
(A case study of UTS Students)
Introduction
Three years after the huge increase, there are signs of a cooling of the real estate
market in Sydney. Auction clearance rates and growth as a slowdown in the decline in
investor borrowing one thoughts, some early signs of a shift, but in these days pricing of
property market is rising again. Fairfax-owned domain group by figures published on
Thursday; Sydney's median single-family home price rose 3.2 percent in the quarter showed a
slow clip in eighteen months. The average unit price of 1.5 percent till 30 September, three
months ago 7.4 percent increase in the previous period (Bruce & Kelly, 2013).
Current mortgage rates, the Westpac and Commonwealth banks by one notch to
rescind the decision will be an additional restriction. Moderate rise in prices at home is
welcome in Sydney. This is necessary to prevent a dangerous escape. Now investors and its
own user’s home price inflation slower, get healthier fare should be used. The housing
market, new investments are in Sydney for the last three years will continue to assume that
double-digit price increases would be unwise, Because only the price growth to slow down in
some meteorologists not hot, that threatens a collapse as claimed. Crash of market to damage
property, is inevitable (Bentick, 1972).
At least two factors that trigger a steep drop of in real estate prices would be
necessary. The first "forced seller" not meeting their mortgage repayments, than property
must sell to a number larger than those." It is a second hand housing market. In 2008, during
the global financial crisis in the United States and several other States combined real estate
prices down (Favilukis et al., 2010).
Problem statement
The Sydney market is very costly regarding property sale and purchase. It requires
very much investment for starting a business over there. The issue is that students in Sydney
are willing to make the investment in that city, they want to evaluate the property market in
that city. The issue is that the property prices are increasing very quickly.
Literature Review
Low interest rates and relatively stable labor market means a large number of forced sales
will ensure that's very little proof mortgage problems exists. Despite a wave of new
residential buildings, these still will not more widely. The Reserve Bank financial stability
report, last week, Brisbane and Melbourne city regions as "potential oversupply" singled out
are published. He made huge profits in housing property in Sydney. The city is still has very
low housing construction after the game start activity over the last decade (Ge, 2015).
