task is to analyse the conditions facing potential first home buyers entering the property market byapplying the economic theories. The objective is to illustrate the application of economic concepts and theories to areal-world issue. Thus you will be required to review economic concepts that apply to your task, such as:Demand conditions & Supply conditions.The nature and determinants of elasticities for the product/service.Tax issues such as negative gearing, capital gain tax etc.Macroeconomic factors including demographic changes, economic growth rates, inflation/deflationexpectations, monetary and fiscal policy changes.The assignment must incorporate the following:Make suggestions or give advice to the stakeholders as to how to deal with the issues and problemsidentified.
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