GREAT HC2022 ASSIGNMENT SAMPLE

1. Introduction( HC2022 ASSIGNMENT SAMPLE ) 

The purpose of this research is to collect the relevant information about the problems that real estate developer facing in present scenario.

However, there is an extreme problem occurred in Australia with regards to low consumer trust on the real estate agents.

It is because of increasing fraudulent behavior or misleading advertising along with deceptive conduct in society results in low trust or faith on the agents.

The scale of problem is increased to such extent that now south Wales government demand for the occupational licensing for property agents and certificates of registration.

The Australia real estate market presented that GDP growth in Australia is decreased in 2018 from 3.0 to 2.4% so people invest less on real estate (ANTONIADES, 2016).http://GREAT HC2022 ASSIGNMENT SAMPLE

But at the same time, there are high chances for the improvement in GDP rate due to now householder start mortgaging their houses and the value of home start increasing.

This could give a strong impact on the real estate market in Australia. In respect to this paper, the major data is collected through secondary sources including Australia Census report and annual reports of real estate firm of Australia.

2. The research process

2.1Define the problem

The problem which usually occurs with the research process is the unorganized data and there is high probability of obsolete data related to population of country.

These can be the problems which could affect the research result in negative manner (Gould et al., 2013).http://GREAT HC2022 ASSIGNMENT SAMPLE

However, it is found that there are large chances to occur a problem of narrow availability of information about the topic due to which, it become difficult to analyze the data and develop a proper understanding with the presentation of result.

Thus, these can be the problem that arises with the market research.

2.2Planning the research design

In context to analyze the present and future structure of household and families, the secondary method will be used by the researcher as it is best way to gather facts related to the current population of Australia market and their living pattern.

This could assist in term to evaluate how many individual live with families or their grandparents (Garran and Phubs,  2015).http://GREAT HC2022 ASSIGNMENT SAMPLE

This way secondary source will help the real estate developer to estimate the future requirement of household and then take the investment decision in best possible manner.

2.3Planning the sample

The research organization collects the data from secondary sources. In respect to identify the household and families related facts, there are two sample reports are undertakes.

First one is the Australia bureau of statistics which outlines that Australia consists of majority of population of females with 50.7% while male include 49.3% (Wong, 2017).http://GREAT HC2022 ASSIGNMENT SAMPLE

At the same time, the study also highlights that there is an increasing trend of buying of own house instead of stayed on rent. So that’s why the demand of houses gets increased in current scenario.

Furthermore, the Australia census report is another sample within which important facts collected as there are 8.9 million households are estimated in 2012-13 under Australia.

Moreover, 74% households are involved as families one where both young couples or their families live.

(Sources: Australia Institute of Family Studies, 2019)

The above graph clearly signified that there is high trend of one parent families in current scenario as young couple of single family prefer to live in different houses. So, it can be stated that there is high trend of single family household (Li et al., 2017).http://GREAT HC2022 ASSIGNMENT SAMPLE

These are information that extracted from secondary sample size. It will help to analyze Australia market in best possible way.

2.4 Collecting the data

The collection of data is the important aspect for reaching towards right or valid results.

In context to analyze the current and future status of real estate in Australia, the researcher is used the secondary sources within which the government census report plays an important role in respect to gather facts related to the populous of Australia household and families.

Among the report, the major findings are that Australia population is growing in rapid manner (Alloush et al., 2015).http://GREAT HC2022 ASSIGNMENT SAMPLE

So this would be beneficial for the real estate builders as with the increasing populous, the demand for home also get grow.

This is a bright opportunity for the builder to grab it. At the same time, the nature of household are found in such a way people of Australia are not prefer to live in rented house rather than they take home at loan or through financial sources.

The professional individual strength is more with an estimation of 2,370,966 in the Australia market so it would be better for real estate as professional people usually have right purchasing power.

In addition to this study, Growing et al. (2015) estimated that 20.1 million people or 88% of Australian population living in private dwellings and these are family households. While, only 2.1 million people lived alone.

The proportion of alone people is quite till 2009-10 but with the time, it starts declining, currently people start living with family and it continue in future equally.

There is a high trend of single family is recorded in the census study of Australia. The single family in Australia is also capable enough to buy their own house as now both male and female share equal responsibility of job earning which support them financially in term to buy house.

Thus, it results in increasing value of housing in Australia.

(Sources: Australian Bureau of Statistics, 2016)

The study of Wu et al. (2015) depicted that number of household and families current status information is gained with the help of given pie-chart which clearly presented that the number of household and family is increased from 8.42 million to between 12.73 million and it expected to continue till 2036 with an estimation of 13 million.

The family household pattern is the one which increase in future due to now people prefers to live with their immediate parents instead of entire family. Thus, this trend will surely put pressure over the government to develop a strong construction infrastructure in order to offer accommodation to each individual (Fletcher and Guttmann, 2013).http://GREAT HC2022 ASSIGNMENT SAMPLE

This area provide numerous opportunities to new entrepreneur or existing firm in real estate sector to make an investment and get the heavy return over it.

2.5 Analyzing the data

The collected data could help the real estate developer to address the problem in Australia market as there is problem of lack of trust of consumers over the real estate developer is found due to frequent occurring of fraudulent and false practices within which people stop investing in property or land.

At the same time, the low GDP rate is another concern area due to which people hesitate to buy the home. Thus, this area creates a challenge over the real estate business survival. But the sample study such Australia statics report clearly present the current and future scenario of Australia household and families.

Likewise, Fu et al. (2014) discussed that there is increasing population of Australia in which single families household tend to grow. It can benefit to new or existing real estate developer to tap them effectively and offer quality services in the form of offering right accommodation.

At the same time, the professional employment rate is rising so it also indicate positive sign of improving GDP of country and it is obvious that with the increasing purchasing power of individual, the value of real estate again get rise. It benefits both new and existing real estate developer.

In concern to the lack of trust on developers, this study revealed that now-a-days people are more educated and they not invested in anything without researching about it (Vieira et al., 2015).http://GREAT HC2022 ASSIGNMENT SAMPLE

So the promotion of ethical actions among the developer can help them to regain the people faith and trust to a larger extent.

Therefore, it can be depicted that the sample plays an important role to analyze the problem in Australia related to real estate developer.

Lastly, the secondary sources also support the study in a way to offer wide range of information which couldn’t possible with other sources including interview and personal observation etc. (Ratcliffe et al., 2016).http://GREAT HC2022 ASSIGNMENT SAMPLE

Moreover, this methodology is also considered as authentic due to share by the government of Australia. So, the probability of authentic research outcome gets increased.

3. Formulating Conclusion

From the above discussion, it is concluded that there is a numerous opportunities tend to arise in the current and future scenario.

This is because of increasing population and single families household preferences etc. it give rise to the demand of more investment on real-estate business.

Moreover, the secondary methodology proved to be great sources for collecting the relevant information about the Australia census rate. It helps to analyze the current structure of household and families.

Based on the analysis, there are few recommendations to real estate developer are as follows:-

• Real estate developer should focus on the strong web content in order to develop trust among the people.
• Moreover, the online presences also prove to be effective for the developer as it helps them to communicate their ethical behavior to individual (Grigoriev and Ruef, 2015).http://GREAT HC2022 ASSIGNMENT SAMPLE
• It results to the achievement of faith of local Australians.
• Real estate developer should develop strategy for tapping maximum consumers as with the improving in GDP rate of Australia in future.
• Likewise, they can promote their properties with authenticity and presenting right set of facts and photos.

These are the recommendation to the developer of real estate.

References

Allouhi, A., El Fouih, Y., Kousksou, T., Jamil, A., Zeraouli, Y. and Mourad, Y., 2015. Energy consumption and efficiency in buildings: current status and future trends. Journal of Cleaner production, 109, pp.118-130.

ANTONIADES, H. 2016. Here are the growing problems in Australia’s real estate industry. [Online] Avaliable at: https://www.businessinsider.com.au/here-are-the-growing-problems-in-australias-real-estate-industry-2016-4 (Accessed on: 27-08-2019)

Australia Institute of Family Studies, 2019. Population and households. [Online] available at: https://aifs.gov.au/facts-and-figures/population-and-households (Accessed on: 27-08-2019)

Australian Bureau of Statistics, 2016. 2016 Census QuickStats. [Online] available at: https://quickstats.censusdata.abs.gov.au/census_services/getproduct/census/2016/quickstat/036 (Accessed on: 27-08-2019)

Fletcher, M. and Guttmann, B., 2013. Income inequality in Australia. Economic Round-Up, (2), p.35.

Fu, Z., Boot, H.M., Christen, P. and Zhou, J., 2014. Automatic record linkage of individuals and households in historical census data. International Journal of Humanities and Arts Computing, 8(2), pp.204-225.

Gould, G.S., Munn, J., Avuri, S., Hoff, S., Cadet-James, Y., McEwen, A. and Clough, A.R., 2013. “Nobody smokes in the house if there’s a new baby in it”: Aboriginal perspectives on tobacco smoking in pregnancy and in the household in regional NSW Australia. Women and Birth, 26(4), pp.246-253.

Gowing, L.R., Ali, R.L., Allsop, S., Marsden, J., Turf, E.E., West, R. and Witton, J., 2015. Global statistics on addictive behaviours: 2014 status report. Addiction, 110(6), pp.904-919.

Grigoryeva, A. and Ruef, M., 2015. The historical demography of racial segregation. American Sociological Review, 80(4), pp.814-842.

Gurran, N. and Phibbs, P., 2015. Are governments really interested in fixing the housing problem? Policy capture and busy work in Australia. Housing studies, 30(5), pp.711-729.

Li, Q., Jiang, J., Wang, S., Rumchev, K., Mead-Hunter, R., Morawska, L. and Hao, J., 2017. Impacts of household coal and biomass combustion on indoor and ambient air quality in China: Current status and implication. Science of the Total Environment, 576, pp.347-361.

Ratcliffe, M., Burd, C., Holder, K. and Fields, A., 2016. Defining rural at the US Census Bureau. American community survey and geography brief, pp.1-8.

Vieira, A.S., Stewart, R.A. and Beal, C.D., 2015. Air source heat pump water heaters in residential buildings in Australia: Identification of key performance parameters. Energy and buildings, 91, pp.148-162.

Wong, A., 2017. Transnational real estate in Australia: new Chinese diaspora, media representation and urban transformation in Sydney’s Chinatown. International Journal of Housing Policy, 17(1), pp.97-119.

Wu, Y., Yan, M., Liu, X., Lv, P., Cui, J., Meng, M., Dai, J., Yan, Y. and Li, C., 2015. Accelerating the design of multi-component nanocomposite imprinted membranes by integrating a versatile metal–organic methodology with a mussel-inspired secondary reaction platform. Green Chemistry, 17(6), pp.3338-3349.

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