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Demand and Supply for Housing Market in Epping Essay

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EXECUTIVE SUMMARY The objective of this report is to outline the reasons as to what of the difficulties facing Sydney’s property market and analyse how the relationship between demand and supply influence Sydney’s housing 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 government in order to provide recommendations in ways to improve the Epping area housing market. Introduction and structure to the housing market 1. Sydney’s housing market focusing on Epping 1.1 The level of demand and supply in Epping 2. Recent and future trends in Epping housing market 3. Factors influencing demand side of Epping housing…show more content…
Immigration should contribute to both sides of the demand and supply sector, however one could argue that current increasing demand is not being met by the slower responding supply sector. |Key statistics |Epping | |(summary statistics) | | | |2006 |2001 | | |Enumerated data | Indigenous population |18 |0.3 |1.1 |21 |0.3 |1.0 |-3 | |Australian born |3,852 |53.9 |60.3 |4,171 |60.6 |62.2 |-318 | |Overseas born |2,945 |41.2 |31.8 |2,439 |35.4 |31.2 |506 | |Australian citizens |5,735 |80.2 |82.6 |5,757 |83.7 |84.3 |-22 | |Australian citizens aged 18+ |4,391 |61.4 |62.2 |4,429 |64.4 |63.3 |-38 | |Institutional population |38 |0.5 |2.7 |0 |0.0 |2.6 |38 | | Profile.id.com.au provided the population statistical change in Epping from 2001 to 2006 The most right column in the population characteristic table where it says change 2001 to 2006
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