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Essay / Research Paper Abstract
This 4 page paper looks at the influences on the Australian housing market. The level of investment in the Australian property market has been an influence in the increasing prices. The paper considers the different influences on the IS curve and the way the prices have performed against these influences. The bibliography cites 8 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEaushouse.rtf
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Unformatted sample text from the term paper:
last two years, but has not occurred due to the macro economic conditions. The demand has been increasing driven in part by the property investors, looking at the market investment
housing may be seen as playing an important role in stimulating and maintaining demand, which in turn is supporting the increase in house prices. The housing market is still
performing well. At the end of 2003 there was a ride in house prices of 6%, this was the highest level over fifteen years (The Business Times, 2004). In some
areas, such as selected areas in Sydney there has been a 50% over the last three years alone (FWN Select, 2003). This has been on the back of an already
strong and growing market. The growth on the nominal prices, with 1986 set at the 100 index, this is compared to other countries where there is an active property investment
market, to place the performance into context. Graph 1; Nominal House Prices 2986 - 2002 (Austrian Government, 2004). With this level of rise we can see
why there have been moves by the government to try and reduce the increases and to bring the housing market under control. In looking at the impact of investment
housing we have to look at the driving factors, what it has been that has made property such an attractive investment and the influences on the demand overall, which places
pressure on process to increase. Basic supply and demand law states that were the demand is in excess of the supply the prices will increase (Nellis and Parker, 2000).
In the year up to June 2002 there housing market saw A$43 billion in the investment property market. This made up a third of all loan commitments during this year,
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