Property Market in Sydney
In this research project, the property market in Sydney, Sydney is analysed. Over years there has been variation in the housing prices in Sydney as well as its demand. Considering the disposable income of the middle class people here, in the period of late 2000s, the prices of housing property in Sydney was comparatively higher. This condition was termed as real estate bubble. There were many fluctuations in the prices of the housing property, leading to property boom and downfall. Over a period of years, the changes in the rental ration, income levels, migration ratio, new house construction rates have been drastically changed, which has given a new face of property market in Sydney. These aspects are highlighted in the research project.