Why Australia’s falling house prices don’t apply to Brisbane

The current event article chosen for analysis by applying to communicate assurance engagement process is “Why Australia’s falling house prices don’t apply to Brisbane” published on March 20, 2019, in Domain, the author focused on housing prices in Brisbane, Sydney, and Melbourne; that the housing prices have reduced in Melbourne and Sydney, but this decrease in prices inapplicable in Brisbane. The author has performed the escalation process and observation evaluation to understand the scenario. One of the underlying reasons, according to the article, that caused decrease in housing price in Australia that seems to be inapplicable in Brisbane is that the issues regarding unaffordability in the city are very rare and Brisbane has not had a high run-up in the prices of housing. Moreover, the author has conducted preliminary engagement and interim communication to conclude. By performing follow up and monitoring procedures, the author has stated that in Brisbane, housing prices are quite reasonable as compare to other cities, so there is no big fall in the city. The various concepts are covered in the article by the author, including elasticity, competition, substitutes, and supply and demand of housing (Lutton, 2019).

Reference of Australia’s falling house prices don’t apply to Brisbane

Lutton, E., 2019. Why Australia’s falling house prices don’t apply to Brisbane. [Online]

Available at: https://www.domain.com.au/news/its-reckless-and-alarmist-australias-falling-house-prices-dont-apply-to-brisbane-810847/