Highlights
Assignment Context
Meet Jayden. He is an Australian citizen and a young (in his early 30s) professional working for a web development company located in the Melbourne CBD. He earns $120,000 per annum (before tax) and has $130,000 in savings. Jayden started earning at 23 and has good savings habits. He is currently living with his parents in Narre Warren but is ready to move out with his dog Scout and start living independently. Jayden has never bought or rented a house before. Jayden is a beach lover and given how COVID-19 has made flexible work arrangements a reality, he would love living in a property with a minimum of 2 bedrooms close to the beach (preferably within a walking distance). He is also part of a close-knit family. He is debating between living within 10-15 km of his parents’ suburb which will allow him the flexibility to see them every now and then or moving closer to the beach. Living close to the beach would mean that he will get to see his parents on weekends only. He is also open to the idea of renting and investing his money if it turns out to be a more financially sound solution at this stage of his life. Jayden has approached you as a property consultant to advise him on potential properties that he could buy or rent and invest his money.
Task
(a) Purchase Property: data collection of properties for sale
i. Undertake an internet search of propertiesforsale (minimumof 5 properties) in the suburbs given your client’s requirements and within his borrowing ability as defined by his income, expenditure, and savings.
ii. Create an Excel spread sheet and insert the properties found and their details.
iii. Rank the properties based on for sale price, property type, number of bedrooms, infrastructure, location – and any other relevant factors.
(b) Data analysis
i. Calculate the average, median and mode of the sale prices for the different types of properties you have found.
ii. Use the graph capabilities within Excel to create a visual understanding of the range of sale prices you have found.
iii. Identify one (1) property from your list that Jayden would buy (for further analysis by the group)
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