Free Essay

Property of Whangarei

In: Business and Management

Submitted By anaisyuanyi
Words 1622
Pages 7
Literature Review (800-1000 words)

The literature review is appropriate and conveys an understanding of academic literature that will inform the proposed project. The literature review has already begun. * What other people say or know? * Read reference, use own language and relate to our issue or project subject. * Focus on answering project issue / aims of project; * 15 references in own words; paragraph; * how to reflect to own project, what issues;

1 Article one * The warning by Reserve Bank governor Graeme Wheeler in February that the nation's housing market -- particularly in Auckland -- was at risk of a "sharp correction, leading to financial instability" (a polite way of saying banks might get into trouble) didn't appear to alarm many. * As Charles P. Kindle-berger says in his seminal Manias, Panics and Crashes: A History of Financial Crises: "Speculative manias gather speed through expansion of money and credit or perhaps, in some cases, get started because of an initial expansion of money and credit. Easy credit. Q1 * Risk-weightings at the "standardised banks" such as Kiwibank, TSB, SBS and the Co-operative Bank start from 35 per cent, but a Reserve Bank spokesman told North & South that risk weights for the Big Four's housing loans "are generally between 26 and 31 per cent". Consequently, a $100,000 mortgage maybe counted as only a $26,000 loan on their ledgers -- meaning banks can hose the housing market with money since they have to hold less cash in their reserves. Q1 * "I believe this is finally when the migration numbers are becoming a reality. This surge in population growth is beginning to add to demand and the earliest indications are in surging asking rents for homes in Auckland," he told North & South. "The migration boost will be keenly felt through 2015 and the biggest increase will be through the first half of 2015. We expect to see significant increases in demand for housing. Mythical housing shortages of the past will become a reality and we expect to see that being reflected in the residential rental market. Q4

(THE MADNESS OF THE AUCKLAND HOUSING MARKET. (cover story). (2015). North & South, (349), 34-41.) http://eds.b.ebscohost.com.ezproxy.northland.ac.nz:83/eds/detail/detail?sid=e7294beb-9ba7-46f7-b057-2f50ba58e05d%40sessionmgr114&vid=0&hid=114&bdata=JnNpdGU9ZWRzLWxpdmU%3d#AN=101746935&db=anh

2 Article two * At a time when both the government and the Auckland Council claim the city faces a critical housing shortage, it's ironic that the number standing empty is more than enough to fill the gap. A report by the Auckland Housing Accord put the cumulative shortfall at about 20,000 dwellings. A ministry briefing to Building and Housing Minister Nick Smith post-election came close to that, estimating a shortage of 18,000 homes and predicting that would rise. * Chinese buyers think property here is "a steal", particularly with our dollar falling against the yuan. And with no restrictions on foreign investment, we're happy to take their money and welcome them with open arms. Q6 * From land banking by foreign investors who see New Zealand as a bargain-priced bolt hole to families future-proofing their children's education by buying a second house in a desirable school zone. Q6 * New Zealand is seen as a safe bet, says Rankin, buffered from problems affecting the rest of the world. Q6

(WANE, J. (2015). RUNNING ON EMPTY. North & South, (349), 44.) http://eds.b.ebscohost.com.ezproxy.northland.ac.nz:83/eds/delivery?sid=6ec8ac62-a5bb-487c-ad0c-15501d163ff1%40sessionmgr110&vid=1&hid=114&ReturnUrl=http%3a%2f%2feds.b.ebscohost.com%2feds%2fdetail%2fdetail%3fsid%3d6ec8ac62-a5bb-487c-ad0c-15501d163ff1%2540sessionmgr110%26vid%3d0%26hid%3d114%26bdata%3dJnNpdGU9ZWRzLWxpdmU%253d 3 Article three * "These huge hikes in home values and pending restrictions on investors saw many look to move or invest outside of the Auckland region for more affordable homes or better rental yields during 2015. "This resulted in an increase in activity and demand in previously slow housing markets in upper and central North Island centres including Hamilton, Tauranga, the Waikato district, Hawke's Bay, Whangarei and Rotorua." Q2, Q3 * Home values in the Auckland region increased 22.5 per cent - from $761,858 in December 2014 to $933,264 in December 2015. They rose 4.1 per cent over the past three months, but only 0.2 per cent during the final month of the year. * Ingerson said 2016 looked positive for most of the country, with transaction numbers picking up and values increasing in many areas outside Auckland. "With the various Government and Reserve Bank restrictions now beginning to take effect, and foreign buyers apparently much less active, our expectations are that Auckland values will drop a few per cent over the next few months. Q1, Q4&Q5 * The easing of the LVR restrictions outside Auckland would allow more first- home buyers to purchase. Q1,Q4

CHLOE, W. (2016, January 14). Auckland housing market cooling off. Nelson Mail, The. p. 7. http://eds.b.ebscohost.com.ezproxy.northland.ac.nz:83/eds/detail/detail?sid=270a82bb-a92c-4664-83dc-435668292806%40sessionmgr102&vid=0&hid=114&bdata=JnNpdGU9ZWRzLWxpdmU%3d#AN=NEM16011400071110746920-BP&db=anh

4 Article four * Motu Economic and Public Policy -- a not-for-profit, independent research institute -- has research showing that a one per cent increase in the population of a city relative to its housing stock increases house prices, on average, by 2.2 per cent. Thus, if the number of houses in Auckland could be increased by say five per cent (an approximate lift in the Auckland housing stock of 25,000 houses), then house prices should be around 11 per cent lower than they would otherwise be. Bench marks

HOUSEBOUND. (2015). North & South, (350), 12. http://eds.b.ebscohost.com.ezproxy.northland.ac.nz:83/eds/detail/detail?vid=13&sid=d6216ea6-a53a-4bdb-808d-cbf97dbe9fa8%40sessionmgr113&hid=114&bdata=JnNpdGU9ZWRzLWxpdmU%3d#AN=102128632&db=f6h 5 Article five * A bank economist is predicting Auckland's housing market will gradually cool over the coming months, thanks to tighter lending and tax rule changes from October. Westpac economist Dominick Stephens said tighter mortgage restrictions for Auckland property investors, a requirement that non-resident buyers supply an IRD number and tighter rules against speculation, could well have a greater impact in Auckland than elsewhere. October 1 will see a tax introduced on capital gains for most housing sold within two years of purchase, by which time interest rates are likely to be softer as well as the economy. Q1, Q5 * The outlook for other regions was more positive. Wellington, for example, had a slightly more positive outlook thanks to falling interest rates and a relaxation of loan-to-value-ratio (LVR) limits outside Auckland. Q5

CATHERINE, H. (2015, July 24). Economy may soften Auckland housing market. Waikato Times. p. 6. http://eds.a.ebscohost.com.ezproxy.northland.ac.nz:83/eds/detail/detail?sid=0f86b2e0-7d00-415e-831b-b5f6136d8fe4%40sessionmgr4005&vid=0&hid=4203&bdata=JnNpdGU9ZWRzLWxpdmU%3d#AN=WKP15072400061104173772-BB&db=anh 6 MBIE – Ministry of Business, Innovation & Employment

* A comparison of migration with growth in rents and house values shows some historical relationship between rents and net migration but we do not have enough data to exam. Q4

http://www.mbie.govt.nz/info-services/housing-property/sector-information-and-statistics/new-zealand-housing-and-construction-quarterly-nzhcq

Contact email: housinginfo@mbie.govt.nz

* International student numbers on the increase again. A total of 84,856 international students were approved to study in New Zealand, an increase of 16 per cent from 2013/14, the second year-on-year increase. China has remained the largest source country of international students (27 per cent) followed by India (23 per cent) and South Korea (six per cent). The numbers from India continue to rise sharply. Q4 * One in six international students gained residence. International students have become an important source of skilled migrants for New Zealand and in other OECD countries. By 30 June 2015, 17 per cent of students had transitioned to residence five years after their first student visa. In 2014/15, 43 per cent of skilled principal migrants were former international students. China was the largest source country of residence approvals in the Parent Category (50 per cent) and slightly behind India in the Partnership Category (India 16 per cent and China 15 per cent). Q4 & Q6 http://www.mbie.govt.nz/info-services/immigration/migration-trends/trends-and-outlook/2014-15 http://www.mbie.govt.nz/publications-research/research/migrants---monitoring/migration-trends-and-outlook-2014-15.pdf

7 Statistics.govt.nz

http://www.stats.govt.nz/browse_for_stats/people_and_communities/housing.aspx

8 Whangarei District Council 9 NorthTec international students’ data

Issues: Cannot find so many relative recourses about Whangarei housing or property for recent years. So decide to do more research on Whangarei city council, governmental statics websites and google scholar. stastic

1. What are reasons result in the housing market of Auckland cooling off? Tighten credit; 2. Is there an increasing demands of real state in Whangarei since Auckland’s housing market cooling off from last year? Price increase 3. Whether the central of housing market would shift from Auckland to Whangarei? 4. What are the potential stimulus as the result of the growth of housing price in Whangarei? The migration numbers 5. Are there ways or plans about curb policies, economic policies or accounting policies to attract potential investors in Whangarei? Gathering tax-free income from the capital gains when you sell; 6. Why Chinese prefer to buy property in New Zealand?

Questions:

1.

Similar Documents

Free Essay

Properties of Substances

...(Polystyrene) | - CH2CHCl | Covalent Molecular | | Glass | SiO2 | Covalent Network | b) Sketch/Plan of diagram | Chemistry Task 2: Bonding Class: Group 4 | c) Properties of Substances | Substance | Property | | Metal(Stainless Steel) | * Shiny hence providing the item an attractive appearance. * Good reflector of infrared radiation so the vacuum flask does not receive or lose heat from surroundings. * Malleable so that it can be beaten into required shapes. * Corrosion resistant hence it does not affect flask’s content. * - Hard and strong. This helps to protect the brittle glass. | | Plastic(Polystyrene) | * Good insulator so that heat conduction is minimized. * Impermeability. This helps to reduce the escape of heat by convection and evaporation as it provides a solid blockage. | | Glass | * Good insulator to minimize heat conduction. * Silver-coated to reflect infrared radiation from the surrounding away from the flask as well as the radiation from the contents back into flask. * High melting and boiling points. It is suitable to store hot and cold liquids. * Generally unreactive hence it is safe to store drinks. * Non-corrosive so that fluids are safe to consume. | d) Bonding and Structure | Substance | Properties | Bonding and Structure | | Metal(Stainless Steel) | Shiny | Metals consist of delocalized electrons which reflect light making metals lustrous. | | | Good Reflector of Radiation |......

Words: 390 - Pages: 2

Premium Essay

The Properties of Water

...Explain how the properties of water are important to plants/animals. All living things contain water. Water is the main constitute of all organisms. Mammals consist of around 65% water. Water is the solvent, the medium and the participant in most of the chemical reactions occurring in our environment. The properties of water are extremely important to plants and animals for many reasons. Firstly, water is transparent which allows light to filter into aquatic environments, and therefore aquatic plants can absorb light and perform photosynthesis. Since all plants originated in the ocean, the transparency of water has had a major influence on life as we know it. Secondly, water is also cohesive, meaning it binds to itself, due to the polarity of the water molecule. The positive, hydrogen side of the molecule binds to the negative, oxygen side of another water molecule. This bond is called a hydrogen bond. Water is also adhesive, meaning it binds to other things around it. This property allows for transport of water against gravity in plants. The water clings to the xylem tube of plants and is able to be drawn up in long columns up the stem due to its strong cohesive force. ...

Words: 566 - Pages: 3

Free Essay

Property Law

...characterized as property. ii) Policy in favor of private property (1) Things held in common are usually neglected (2) There is a fundamental property right that goes beyond monetary damages iii) Property Rights are not Absolute (1) Apply a balancing test of property and societal interest (a) One may trespass to put out a fire (2) Property rights are diminished when others are invited onto land (3) The more an owner, for his advantage, opens up his property for use by the public in general, the more do his rights become circumcised by the statutory and constitutional rights of those who use it. (4) If property is open to the general public then the First Amendment supercedes property rights on it. (a) These protections are available against unreasonably restrictive or oppressive conduct on the part of private entities that have otherwise assumed a constitutional obligation no to abridge the individual exercise of such freedoms because of public use of their property. (b) The NJ court said that the right of free speech conferred by the state constitution was secure not only from State interference but – under certain conditions – from the interference of an owner of private property even when exercised on that private property. (i) Schmid Standard 1. The normal use of the property 2. The extent and nature of the public’s invitation to use it 3. The purpose of the expressional activity in relation to both its private and public use (5) Title to real property......

Words: 24978 - Pages: 100

Free Essay

Intellectual Property

...Intellectual Property: Protection WC Jones CIS 324 Computer Ethics Intellectual Property: Protection The two problems that I would most likely come across in my profession would be unauthorized copying and sharing. We live in a world where it only takes time for a code, security measure, or restriction to be hacked. I have come to terms that stopping it completely is next to impossible but I could put measures in place where it would take someone a very long time to figure out how to bypass protection in hopes of deterring people not to do so. The first measure would be to have registration and activation on software. This process would have the information of the owner and the machine that is installed on. Another thing to be considered is instead of making the physical disc I would distribute for sale online where customers would have a digital locker that would only give them permissions to install the program and not be able to make a copy. If there was a need to make physical disc it would have to run on a hardware dongle. Digidesign, the makers of ProTools uses this concept and calls it iLok. (support iLok, 2012) Digidesign’s iLok houses all of the customer’s authorizations and activation keys and needs to be connected in order to use software I believe these would be the steps to take in order to limit unauthorized copies and sharing. The hardware dongle would be a big key because even if the software was copied somehow it would prove to be......

Words: 285 - Pages: 2

Free Essay

Intellectual Property a Violation of Real Property

..."Intellectual Property" a Violation of Real Property By memenode on 10 Nov 2009 Unless you really want to believe in something you know is a lie you probably wont be inclined to believe people who express inconsistent ideas. Free Software or Open Source Software have been typically attacked by people who do appear to believe quite strongly in property ownership. If you create something, they would argue, then you are entitled to control it. How else are you gonna get compensated for it? I of course agree to this extent, but I don't quite agree with the typical progression of this argument which sees the fact that most Free Software is given away or distributed under terms which allow free copying and sharing to be an affront to this right to compensation. Ignoring for the moment the fact that the software developer still gets to choose whether to distribute under those terms (something (s)he'd be able to do to a large extent even if copyright was abolished today), this argument fails to take into account the fundamental nature of software which excludes it from the possibility of being owned, unless you consider a program as one with the medium. Software cannot exist on its own. It always needs a medium. Software are simply arrangements of ones and zeros represented one way or another by physical properties of a medium such as micro or nanoscopic dents in a compact disk. If you consider software as distinct from the storage media or memory in which it remains you're......

Words: 439 - Pages: 2

Free Essay

Property

...several major projects e.g., Guoco Tower, SBF Center & Marina One etc in 2016-2017. The recovery will be led by companies seeking to set up regional headquarters in Singapore as they face the lowest supply in office space in two decades, Lynette Leong, CEO of CapitaCommerical Trust, indicated. Singapore’s annual supply of new office space will be lower than 1 million square feet in the next three years, down from the average 1.3 million square feet over the past 20 years. Singapore Residential Outlook http://sg.news.yahoo.com/blogs/property-blog/4-reasons-why-2014-could-turbulent-stakeholders-singapore-002122856.html Reason 1: More new properties are going to flood the market Reason 2: More resale units can be expected when the 4-year Seller Stamp Duty duration expires Reasons 3: Owners who overstretched themselves financially will have a hard time securing refinancing Reasons 4: The pool of potential property buyers has shrunk significantly...

Words: 547 - Pages: 3

Premium Essay

Property Management

...Property Management Can anyone here tell me what the role of a property manager is? Madam Toastmaster, ladies & gentlemen. My name is ____________ and I am currently employed as a property manager at a local real estate agency. I manage almost 300 rental properties and have a great team backing me up Tonight I would like to share with you a very small part of what is involved in property management. While my responsibilities vary from property to property, I have to maintain a few basic skills such as good time management, good people skills and an eye for detail. When you are looking after almost 300 properties, these skills are essential. I would like to talk to you tonight about 3 important steps I need to follow when a new tenancy commences 1. Finding & screening new tenants 2. Completing an entry condition report for the property 3. Managing tenants and their needs FINDING & SCREENING NEW TENANTS Tenants are the vital lifeline of any rental property because no tenant means no rental income for an owner. Part of my role as a property manager is to effectively advertise rental properties and in turn find an appropriate tenant. When a prospective tenant comes into the office, I have a critical task at hand screening the potential tenant. This is a 2 step process. Step 1 involves showing any interested tenants around the rental property. While I am doing this I need to find out as much as I can about them. I want to make sure they are suited...

Words: 1122 - Pages: 5

Premium Essay

Property

...The laws associated to property can be very extensive when more than one person is the owner of the property. Before you purchase a property a lot of things should be taken into much consideration including your property rights. There is a thin line between what is really yours when you are sharing property with other individuals. The way you own your property will affect how it will be classified and who will receive it after your death. Joint of Tenants Rights of Survivorship In North Carolina there are three different types of ways that people can jointly own property together. Those three ways are through tendency by the entirety, joint tenancy and tenancy in common. Under joint tendency everyone involved share an equal stake in the property, meaning no one can own more than the next. In this case Andy, Floyd, Barney and Howard share the property equally. If either party chooses to sell their portion of the property they can. They do not need the approval of the other co-owners of the property to do so. If one of the owners dies the interest will automatically be divided equally amongst the other co-owners. (Brennan & Browne 377) Joint of tenants’ rights of Survivorship explains that when there is a living tenant the property is to be transferred or paid to that living party at your death, the property is not controlled by your will. (Mitchiner 2) Fortunately, Barney would not be accountable to pay any fees and his longtime property would not be foreclosed...

Words: 1268 - Pages: 6

Premium Essay

Property

...Legal and Ethical Considerations in Marketing, Product Safety, and Intellectual Property LEG 500 August 26, 2014 Legal and Ethical Considerations in Marketing, Product Safety, and Intellectual Property Ethical dilemma may be defined as a situation where one has to make a decision but the decision to be made has some impact on either of the choices taken. In different organizations, there are times where a manager may be faced by ethical dilemmas that he or she is supposed to look into. The process may be difficult since the manager has to deal with such situations without discriminating on any individual. Any activity that relate to business management in relation to the society, consumers, and the business itself should consider all ethical issues relating to the environment. It is important for business owners to alight ethical issues to their business plans. Ethical issues may relate to advertising and marketing, regulation of product safety, and intellectual property. Marketing and advertising, relating to any industry in the market, may have different forms of ethical issues. For example, advertising may be unethical when the content in the advertisement has unethical issues such as the use of harsh language or pictures that may not be pleasant to all age groups (Ashcroft, 2007). It is important for advertising agencies to consider all ethical factors while posting any advertisement to the public. In addition, marketing may lead to unethical......

Words: 2863 - Pages: 12

Premium Essay

Property

... TABLE OF CONTENTS 5 10 16 21 26 32 35 41 50 53 61 IN RETROSPECT: PROPERTY MARKET PERFORMANCE IN 2014 PRIVATE PROPERTY MARKET 2015: THE SQUEEZE TIGHTENS FURTHER HDB RESALE MARKET 2015: AN ANTICIPATION OF AN UPSWING? ALONG THE THOMSON LINE: BRINGING BENEFITS TO THE EAST SKIMMING THE SUBLETTING SITUATION HOW SINGAPOREANS FEEL ABOUT THE LOCAL PROPERTY MARKET COMMERCIAL PROPERTY: A MIXED OUTLOOK REFLECTING CHANGING LANDSCAPES PROPERTY OUTLOOK 2015: SEARCHING FOR INSIGHTS NEW YORK: A PROPERTY RISING STAR ON THE HORIZON LONDON RESIDENTIAL PROPERTY OUTLOOK: THE BEST JUST GOT BETTER FENG SHUI: USHERING IN THE YEAR OF THE GOAT PropertyGuru Outlook Report 2015 2 PREFACE It without a doubt property still remains a hot button issue for Singaporeans. From speculation about whether the cooling measures will be eased to predictions of just how much market prices will continue to fall, the topic has dominated conversations of many first-time buyers, upgraders and investors. In 2014, the decline in Singapore’s private residential and HDB resale market, showed no signs of abating. Restrictions on access to mortgage capital because of the Total Debt Servicing Ratio (TDSR) has, to a large degree, influenced the reinforcement of these behavioural patterns and will continue to so – at least for the majority for 2015. And with the government reiterating that they will not relax the existing policies, status quo looks set to place further pressures on the already subdued market.......

Words: 13881 - Pages: 56

Free Essay

Property

...Topic: Property Barney has finally decided to retire after many years on the job as a deputy in a small North Carolina town and as a detective in the “big city” of Raleigh, NC. Though Barney sometimes appeared to be a bumbling law enforcement officer, it turns out that he was a dutiful saver and a shrewd investor who now owns an interest in a second home on the North Carolina coast as well as some prime real estate in the North Carolina mountains. Barney purchased the mountain property some 31 years ago as joint tenants with a right of survivorship with his old friends Andy, Floyd, and Howard. All of the friends have passed away, and Barney has not been back to the property in more than 20 years. Andy had apparently indicated in his will that he was leaving his interest in the property to his son Opie, and, a few years back, Opie took out a personal loan using his alleged interest in the property as collateral. When Opie defaulted on the loan last month, the lender initiated a legal action to foreclose on the property. Barney hired an old friend with whom he used to go to church (who is now an attorney in Raleigh) to address the lender’s legal action. The matter is still pending. Remembering that a trout-filled stream ran through the property, Barney decided to do a little fly-fishing. Driving out to the property, Barney was surprised to see smoke rising from the stone chimney of a little cabin that some unknown person had constructed in the center of the......

Words: 1365 - Pages: 6

Premium Essay

Intellectual Property vs Physical Property

...Intellectual property differs from physical property Tangibility- You don’t have control over physical item Excludability- You can’t exclude others from use Non-rivalrous consumption- You can still use it even if stolen Purpose of IP is to encourage progress by giving ownership rights to owners for their discoveries Western IP is an INCENTIVE MECHANISM -what other ways can people be encouraged to innovate? 3 Major Justifications For IP Rights Utilitarian- incentive to promote common good (Thomas Jefferson) Economic- takes effort and doesn’t worsen anyone (John Locke) Moral-Authors have moral right toput themselves into work (BerneConvention) Publishers of information have moral right to claim ownership of their work and protect it from deformation, mutilation, or other modification Cases Against IP Rights * Why should one person have the rights to posses and use information when that information can be used in many places at once and not be consumed? * People pirate b/c they believe restricted access to information is unjustified Types of Rights Copyright: protects expression Applies to Literary works, Musical, pictoral, graphic, scultural, motion pictures, sound recordings, architectural, computer software Five Rights 1.Right to reproduce 2. Right to adapt it or derive other works 3. Right to distribute copies 4. Right to display publicly 5. Right to perform publicly Also Restricted -You can’t copyright an idea,......

Words: 529 - Pages: 3

Free Essay

Real Property

...Real Property Essay Re: Bart Vs Alan Facts: Alan found an object belonging to Bart in the state of Oregon. Alan found this object prior to Bart offering a reward for it’s return. Bart now does not want to give the reward to Alan upon the return of the object. Issue: Under Oregon Law, Alan is required to return the object to Bart. Can Alan insist on the reward before returning the object? Rule: In MacFarlane v. Bloch, 59 Ore. 1 (Or. 1911) a pocketbook was found by the plaintiff belonging to Bloch. The pocketbook was found prior to Bloch offering a reward for it’s return. The plaintiff asked for the reward as a condition for the return. The defendant refused and had MacFarlane arrested for larceny. The plaintiff returned the pocketbook and was released. The plaintiff proceeded to sue for the reward. The court determined that the reward should be given to MacFarlane, “it was immaterial that she found the book before the offer was made, the reward not being for the finding but for the returning of the book”and “plaintiff complied with this condition of the offer.” Thus, it completed “the contract, making defendant liable for the award.” The court ruled the plaintiff was entitled to the reward and could hold the lost item until the reward was paid. In Watts v. Ward, 1 Ore. 86 (Or. 1854) horses were found by the defendant and an attempt was made to return them to the plaintiff. However, in the process of delivering the horses they were used for driving cattle,......

Words: 497 - Pages: 2

Free Essay

Property Assignment

...Introduction to Property Law: Coursework Assignment Mon, 11 July, 2011 Word count - 2380 1 (a) With regards to the European Court of Human Rights decision in J.A. Pye (Oxford) Ltd v. The United Kingdom (Application No. 44302/02) 30 August 2007, and the Court of Appeals decision in Emmanuel Ofolue v. Erica Bossert [2008] EWCA Civ 7; discuss the extent to which the provisions of the European Conventions on Human Rights and the Human Rights Act 1998, have impacted the doctrine of adverse possession in England & Wales. I will discuss the cases and the impact which the HRA 1998 and the ECHR have had on the decision making process within the courts with regards to the doctrine of, “adverse possession”, in the UK. Rationale of Adverse Possession in England and Wales. The rationale of adverse possession in England and Wales is that; i. There must be a demarcation in reality on the recognition of claims of ownership of property title. ii. As land is finite and therefore a precious commodity then it should be used to its full potential. The common-law doctrine of adverse possession, gave rise to the ease of appropriation of land ownership by squatters/trespassers. In J.A Pye v Graham, Pye were dispossessed of their title to land via a HOL/Supreme court decision, Pye v Graham [2002] UKHL 30, based upon the legislation within LR Act 1925 and Limitations Act 1980. In particular section 75 of LR Act 1925 transferred the title of land to the factual......

Words: 3303 - Pages: 14

Premium Essay

Property

...INTRODUCTION Investing in the Australian property market is generally as strong today as it has ever been. The global financial crisis that hit the world in 2008 has certainly seen a slowdown in buying as investors are somewhat nervous, but was this temporary, or is it still something to be concerned about? The predictions by analysts are that this will only be a temporary slowdown in the property market. Time will tell! There are many reasons why property investors should not be running scared. Australia is in a rather unique position in that it has much diversification in its economy. There are one or two States that are not so well off in that regard, but there are also several States that have very strong reasons for going ahead with property investment. Queensland is the best placed State for property investment, with its varied mineral wealth, agriculture, fine weather that is attracting overseas migrants, tourism and continued growth. There are regions and suburbs in other States that are also receiving excellent growth, and we will cover these in further chapters. States affected during 2008 were NSW and SA, as they already had their own financial problems which had affected the finance of the two States overall. In saying that however, there are still areas of capital growth and good rental returns even in those States. Financing is always at the top of the list of concerns and the reason for this is due to the fact that finance is a constantly......

Words: 733 - Pages: 3