Demand and Supply for Housing Market in Epping

EXECUTIVE SUMMARY The objective of this describe is to outline the reasons as to what of the difficulties go about Sydneys property market and analyse how the relationship among demand and fork up influence Sydneys accommodate market. This report will also evaluate the recent and future trends in Epping housing market. The outcome of this report will be submitted to the local anaesthetic g overnment in order to provide recommendations in ways to improve the Epping ara housing market. Introduction and structure to the housing market 1.Sydneys housing market focusing on Epping 1.1The aim of demand and supply in Epping 2.Recent and future trends in Epping housing market 3.Factors influencing demand side of Epping housing market 3.1 enlarge in population affecting the demand in property market 3.2Increase in interest rates affecting the demand in property market 4.Factors influencing supply side of Epping housing market CONCLUSION: Advice and recommendations sum-up of problems in the housing market, and the recommendation to the local government to increase supply of houses in order to alleviate the shortage face up in Epping housing market.

Introduction and structure to the housing market A house is the biggest purchase that most people will reconcile over their lifetime. The housing market in general would be considered to be that of a monopolistic structure, meaning that in that respect are several number of suppliers with relatively unrestricted entry, and with a descending(prenominal) sloping demand curve providing suppliers with some control over price. The housing market is generally the same as every other commodity market and thus, adheres to the law of supply and demand. However, there are certain circumstances where it could differ, for example, ordinary commodity would face-lift in price if there is a shortage of supply and consequently consumers would purchase less at the higher prices set, hardly in the housing market higher prices could... If you want to cast down a full essay, order it on our website: Orderessay

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