Tuesday, May 19, 2020
Different Types Of Friendship By Aristotle - 1178 Words
There are three types of friendship, according to Aristotle. The first type of friendship based on utility. In this type of friendship, both individuals get some sort of benefit from their friend. The second type of friendship is based on pleasure. Here, both individuals are drawn to the otherââ¬â¢s personality, appearance, and/or other qualities. The third and final type of friendship is based on goodness, in which the individuals admire their friendââ¬â¢s goodness and in which they help one another in their pursuit for happiness. The first two friendships are mostly accidental, due to the friends being more motivated by their own pleasure and utility and not by other things essential to their friend. Both kinds are short-lived because oneâ⬠¦show more contentâ⬠¦Horatio is not afraid to speak his mind to Hamlet, either. When Hamlet first meets the ghost, Horatio makes it clear that Hamlet s choice to follow the ghost in hopes of learning the reason for its appearance is ill-advised. He is honest and forthright in his arguments and seems genuinely worried that Hamlet might be tempted to lose his reason and be drawn into madness, which, Horatio tells him, will lead to thoughts of suicide. When Hamlet decides to ignore him and follow the ghost, he learns that the King was killed by poison. Hamlet then swears to avenge his death, which then leads Horatio to be swear on silence and keep Hamlet s secret. Horatio is not only an honest, but a loyal friend, and the secret of Hamlet s father s ghost is the first of many secrets that Horatio will keep for Hamlet. As the play progresses, Horatio questions Hamlet s judgment twice more. Once is when Hamlet tells him of a letter from King Claudius that he has found in Rosencrantz and Guildenstern s pack, telling the King of England that he must have Hamlet killed. The second instance is when Hamlet tells Horatio that he will fight Laertes, son of Polonius, who Hamlet killed earlier in the play. Horatio loves Ham let so much, but he is governed by a more sensible disposition, which compels him to speak the truth to his friend, despite the fact that Hamlet never listens to Horatio s warnings. In fact, there is only a single point in theShow MoreRelatedTaking a Look at Nicomachean Ethics957 Words à |à 4 Pagesabout Aristotle and his beliefs about how the virtuous human being needs friends from Book VIII from Nicomachean Ethics. In this essay I will talk about the three different kinds of friendship that (Utility, Pleasure, and Goodness) that Aristotle claims exist. I will also discuss later in my paper why Aristotle believes that Goodness is the best type of friendship over Utility or Pleasure. In addition to that I will also talk about the similarities and differences that these three friendships shareRead MoreAristotle s Philosophy On The View Of Friendship818 Words à |à 4 PagesAristotle was an ancient Greek philosopher. Aristotleââ¬â¢s philosophy was his logical concept. Aristotl eââ¬â¢s objective was to come up with a universal process of reasoning that would allow man to learn every imaginable thing about reality. He wrote on a vast amount of subjects during his lifetime, such as biology, chemistry, physics, ethics and logic. Aristotle wrote a book called, Nicomachean Ethics. This book describes the view of friendship. He also describes three different type of friendship, whichRead MoreAristotle on Friendship Essay610 Words à |à 3 PagesAristotle On Friendship Philosophical Ethics December 6, 1995 Friendship is undoubtedly one of the most important elements in the books of Aristotles ethical principles. Aristotle takes the idea of friendship to a serious degree. He categorizes them into three groups or types of friendships. This report will attempt to define each type of friendship as well as identify the role of friendship in a society. Aristotle considers friendship to be a necessity to live. HeRead MoreSocial Media And Its Impact On Society1326 Words à |à 6 Pagesis used as a popularity contest, where we add people just too have more friends on the list than our neighbor. However, true friends are not usually acquired on Facebook. According to the Nicomachean Ethics, Aristotle believes that a real friendship is for its own sake and Facebook friendship concentrate much on amusement and utility. Most people that have a Facebook account have approximately more than 100 friends. Each of those people has a particular relation to each other in one way or anotherRead MoreEssay Aristotle On Friendship1333 Words à |à 6 PagesAristotle wrote on many subjects in his lifetime but one of the virtues that he examines more extensively is friendship. Aristotle believes that there are three different kinds of friendship: utility, pleasure, and virtuous friendships. He also argues that a real friendship should be highly valued because it is a complete virtue and he believes it to be greater than honor and justice. Aristotle suggests that humanââ¬â¢s love of utility and pleasure is the only reason why the first two types of friendshipsRead MoreFriendship Is A Strange Concept1732 Words à |à 7 PagesFriendship is a strange concept. You meet someone and eventually, after talking to them and being around them more you feel more comfortable calling them a friend opposed to an acquaint ance. However, not just anyone can be a friend and there are different types of friendships. According to Aristotle there are three different types of friendships and only one of them is the real deal. The Epicureans would view friendship as being something very important in life. To me, friendship is both of theseRead MoreConfessions By Saint Augustine And The Nicomachean Ethics1271 Words à |à 6 PagesEthics by Aristotle the theme of friendship is constantly portrayed. Each philosopher has his own respected thoughts and opinions about the different aspects of friendship. This paper will argue both the similarities and differences between Aristotle and Saint Augustineââ¬â¢s argument about the role of friendship. In The Nicomachean Ethics, Aristotle argues that friendship is the greatest of external goods which is necessary to live a pleasant life. Aristotle then proceeds to define three different kindsRead MoreAristotle s Theory Of Friendship1415 Words à |à 6 Pageswould choose a friendless existence on condition of having all the other things in the world (Aristotle).â⬠Humans are social beings, social beyond any other creature in the world. Human interaction is a must for survival. It is in our nature. Aristotle understood this, he even had his own analysis of friendship. In the Nicomachean Ethics written by Aristotle, books VIII and IX are based off of friendship. Today, the definition of a friend is, ââ¬Å"A person with whom one has a bond of mutual affectionRead MoreAristotle s Book Viii By Setting Some Ground Work On Friendship1198 Words à |à 5 PagesAristotle begins book VIII by setting some ground work on friendship. Aristotle explains that friendship is something that i s ââ¬Å" indispensable for life.â⬠Not one person chooses to not have friends, therefore, it something that involves everyone. He later goes in depth on the fact that there are three categories of friendship: useful, pleasure, and goodness. Useful friendship is when each individual has a benefit from the other. In the case of pleasure friendship, each person in the relationship areRead MoreAristotle on Friendship Essay1134 Words à |à 5 PagesAristotle on Friendship We are social creatures. We surround ourselves with other human beings, our friends. It is in our nature. We are constantly trying to broaden the circumference of our circle of friends. Aristotle understood the importance of friendship, books VIII and IX of the Nicomachean Ethics deal solely with this topic. A modern day definition of a friend can be defined as ââ¬Å"one joined to another in intimacy and mutual benevolence independently of sexual or family loveâ⬠. (Oxford
Wednesday, May 6, 2020
the Course of True Love Never Did Run Smooth Discuss
ââ¬ËThe course of true love never did run smoothââ¬â¢ Discuss Sorrel Nation Within the play, ââ¬ËA Midsummer Nights Dreamââ¬â¢, the importance of courtship and marriage is indicated, as is that of love and marriage. One of the ideas in the play is that there is a significant difference between ââ¬Ëdotingââ¬â¢ and ââ¬Ëlovingââ¬â¢, something like the distinction between fancying someone and loving them. The play also presents love as a kind of madness and way of looking at someone and admiring them as if they where magic. Love is often presented as a good thing, yet in the play ââ¬Ëlove and reason keep little company togetherââ¬â¢. The variety of relationships provides parallels andâ⬠¦show more contentâ⬠¦Another example of their love not going to plan and not running smooth is what we would portray as ââ¬ËFake loveââ¬â¢. This is shown between Titania and Bottom, when Oberon gives Titania a magical love potion which will make her fall in love with the next person she sees, and in this case is the transformed version on Bott om, when he has acquired an assââ¬â¢ head. ââ¬ËOn the first view to say, To swear, I love theeââ¬â¢, showing how quickly she has fallen in love with him, but because she does not actually feel this way, it is a demonstration of ââ¬ËFake loveââ¬â¢. This also occurs for the four lovers when Lysander and Demetrius have had the juice in their eye and both lovers now fight over Helena, instead of Hermia. Helena is convinced that her two suitors are mocking her as neither loved her originally. ââ¬ËI pray you, though you mock me gentlemenââ¬â¢. The course of love taken here shows how it was mislead and went wrong, and demonstrates how love does not run at all ââ¬Ësmoothââ¬â¢ within the play. Sorrel Nation Toward the end of the play, when the four lovers are at each others throats with Lysander and Demetrius trying to kill each other and Helena and Hermia quarrelling. The relationships of the lovers are punctuated by moments of confusion ââ¬ËI am amazed and know not what to sayââ¬â¢, also moments of mockery ââ¬Ëthey haveShow MoreRelated The Nature of Love Explored in A Midsummer Nights Dream1563 Words à |à 7 Pages ââ¬Å"The course of true love never did run smooth,â⬠comments Lysander of loveââ¬â¢s complications in an exchange with Hermia (Shakespeare I.i.136). Although the play A Midsummer Nightââ¬â¢s Dream certainly deals with the difficulty of romance, it is not considered a true love story like Romeo and Juliet. Shakespeare, as he unfolds the story, intentionally distances the audience from the emotions of the characters so he can caricature the anguish and burdens endured by the lovers. Through his masterful useRead More Analysis of Two In The Campagna b y Robert Browning Essay1423 Words à |à 6 Pagesessentially a love poem, written by Browning to capture the tragic and dark aspects of a relationship. The poem commences with romantic images of the couple sitting in the fields of Rome in spring. The first line, starting with I wonder sets the contemplative tone of the piece, and the poet follows one particular trail of thought for several stanzas. Clearly, the poet is trying to capture what cannot be easily confined; he is attempting to articulate a sentiment of fleeting love that perhapsRead MoreWilliam Shakespeare s Much Ado About Nothing2083 Words à |à 9 PagesLove, as we know, is a mystifying emotion. Even Sophocles, one of the three Greek tragedians whose plays have survived, stated: ââ¬Å"One word frees us of all the weight and pain of life: That word is loveâ⬠. As these four simple letters come together, everything else in the world is forgotten. This complicated emotion is held responsible for starting as many battles as it has ended and overall creating the worldââ¬â¢s strongest bonds. Yet, what is love? The Oxford dictionary defines love as a strong feelingRead More Kazuo Ishiguros Remains of the Day Essay2857 Words à |à 12 Pagesthe old English butlers, as characters who basically amount to machines, unable to think for themselves. They see loyalty to the master as the only thing that matters in the world. Every time Stevens ends his lines with ââ¬Å"sir,; he is repressing his true identity. Ishiguro makes the reader wonder how on earth a person could get to be like this, for the sole reward of having the best silver in the house or the best-starched suits. The old service culture of butlers in England was destined to changeRead MoreRacism in Shakespeares Othello2768 Words à |à 12 Pagesinvolving a prejudicial, racist attitude and try to discuss whether Shakespeare was a racist or not. Even though the play is full of offensive definitions of black Othello, we cannot define it as a racist work since Shakespeareââ¬â¢s black hero is inwardly pure and innocent. He becomes the victim of a seemingly honest white character, Iago in the play. In the play Othello is always under attack due to his ethnic origins. On the night he runs away Desdemona, Iago and Roderigo alert Desdemonaââ¬â¢s fatherRead MoreBook Review Built to Last4076 Words à |à 17 Pagesgrowing, can use to keep themselves growing, strong, and ahead of the competition. These are outlined below: â⬠¢ Be a Clock Builder, not a Timekeeper - All the successful corporations focused on building the organization and company so it would run as smooth as a clock. The visionary companies didnt simply follow others in their fields (watching the clock), but tended to lead the way. â⬠¢ Your Company must have a set of Core Values - Each of the visionary companies had established a set of coreRead MorePreparing Breakfast For The Kids4413 Words à |à 18 Pagesbehind in his obligations to the church. I have talked to Lynn in the past to motivate the boys in their religious endeavors but my words just fell on deaf ears. If my mother, be it the religious person that she is, ever finds out that the boys are off course in their religious obligations, she would have my head. I must rather deal with Lynn than with Mom over this issue of faith and was now determined to go behind my ex-wifeââ¬â¢s back and take the boys to morning mass at St. Ambrose. Then I planned on talkingRead MoreA Philosophy of Education: In Experience there is Direction Essay3696 Words à |à 15 Pages Alicia Michelle Guridy Student ID: 3091026 EDUC 504 Dr. Samuel Smith December 9, 2012 A Philosophy of Education: The Destination is the Education Introduction The journey of education is continuous. My hope is that my students never stop learning as long as they live. As human beings, students have a spirit of curiosity to discover their purpose, the difference between right and wrong, the meaning of life, and the truth that defines everything that they know. In making theseRead More Comparison of Two Films About King Arthur Essay3985 Words à |à 16 Pageshave been countless interpretations and adaptations. Today, we not only have countless Arthurian books, but many movies on the subject as well. In this paper I hope to compare and contrast two such Arthurian movies, Excalibur and King Arthur, and discuss what each film adds to the treasury of Arthurian lore. It is hard to believe that two completely opposite movies are based on the same literature. The movie Excalibur is like a modern day Morte dArthur, while the more recent King Arthur differs greatlyRead MoreThe Process, The Rewards And The Risks5686 Words à |à 23 Pagesvia super fund may or may not be for you. You can find out for sure, though, and as with all entrepreneurial opportunities, the more you can arm yourself with knowledge prior to buying up a real estate office, the better off you will be in the long run. The Process So letââ¬â¢s say you would like to (or rather, would need to) proceed with setting up a super fund borrowing structure. Where do you start? Letââ¬â¢s break it down to what youââ¬â¢ll need to know to get started! How does it work? ï⠷ A property owner
Commercial Property Analysis of Sydney â⬠Free Samples to Students
Question: Discuss about the Commercial Property Analysis of Sydney. Answer: Introduction Property market has a dominant share in the market throughout the world. Australias property market has been often accused of being one of the most expensive markets in the entire world. Amongst all locations Sydney Central Business District (Sydney CBD) is well-known as the City and is the commercial center of Sydney, Australia. It is located to south of Sydney and is about 3 kilometers from Sydney Cove, which marks the first European settlement in Sydney region. It has a stable population and consists of several other suburbs. It is primary economic and financial center and is recognised as an economic hub in Asia-Pacific region. It employs almost 13% of total workforce, hence is of utmost commercial importance. It produces major good and services that contributes significantly to the economy and includes some of the most significant structures and buildings. The scope of the current analysis deals with commercial segment property analysis of Sydney CBD along with pertinent economi c analysis for the area. In entire of Sydney, CBD includes a dense population of buildings with several skyscrapers with parks of interests as Royal Botanic Gardens, Hyde Park, The Domain and Wynyard Park. Sydney CBD falls under City of Sydneys local government area. Though New South Wales state government exerts control over some aspects of CBD, but majority of decisions in the location are taken by the City of Sydney Council. The location includes some of the largest Australian companies, it also includes some large Asia-Pacific headquarters for many international companies(propertyupdate.com.au, Sydney CBD Property Analysis, Retrieved on 15th November 2017 ). It houses some of the well-known financial services companies as Commonwealth Bank of Australia, Citibank, Westpac, Deutsche Bank, AMP Limited, Macquarie Bank, Insurance Australia Group, AMP Limited, AON, HSBC, Marsh, AXA, ABN Amro, Allianz, Bloomsbury and many more. The Australian housing property market have been suffering since quite some time, however commercial properties are constantly maintaining their steady rates. Due to the mere location of Sydney CBD it gains tremendous amounts of importance and opportunities, its prices are quite stable in the region. The area primarily caters to commercial spaces which are in high demand and low vacancy in properties. Rental rates are constantly rising in the area in commercial spaces. The locality contains a mixture of new and old architecture. Old architecture in the city dates back to a period of colony days which consists of Victorian architecture from Gold rush period, as Sydney Town Hall and Queen Victoria Building. Whereas newer architectural forms comprises of high rises and sky scrapers on Sydney city streets, as Culwulla Chambers. The locality comprises mostly of commercial spaces as against residential spaces, which has been rising constantly. Analysis of macro factors in the region can en able detailed information regarding various happenings in past, present and future it is integral to have understanding relative to macro environment existing in the country and the Council Management. Political factors that lay emphasis on Sydney CBD comprise of consists of Federal government as well as Council of Sydney. The Sydney Citys council makes major decision relative to the area regarding its development and growth related factors. All major decisions in the area concerning its growth and development are also taken into being by the Federal Government as the location is of high importance and significance being central headquarters of many companies. Bureaucrats are making best endeavors to develop and attract major investors in the city and then plan its developments accordingly. Economically the location is dependent on Sydney City Council for its various developments and facilitation. The Council has powers to limit development and growth or facilitate the same. The location has immense capabilities to grow and generate funds from the multifarious service industry that are based there. Economic prosperity of the place has been since a long-time dependent on the commercial properties and their developments. Real estate business especially in commercial properties lays immense importance in the area as it is significant generator of funds in the locality. Socially the location caters to tremendous earning and income opportunities. The location has catered to service jobs for a large number of companies. There is tremendous generation of employment in the region from service sector jobs. The location supports significant employment opportunities thus creating prospects for employment. It connectivity by means of roadways, railways have enabled companies to set up their offices at this location. It attracts significant number of population from nearby regions. It has some parks which are able to attract tourists and it also has schools and residential facilities nearby. Technologically the location is extremely well developed and highly advanced. All major technological developments in the region have been due to the setting up of offices and commercial spaces in the region. The region boasts of its high-end connectivity and ability to cater to growth in telecommunication and other information sector in a significant way. Due to the technological advancement in the locality there are many international firms that set up their operations there. Legally the location has major laws, regulations and norms that are impended in the region. All laws related to labor or environmental are applied and confirmed in the region. All matters of jurisdictions are dealt in the region in Sydney city, where Council reserves right for making any decisions pertaining to relevant situations. The location is highly in demand across global facilities hence property pickers flocks to the region to pick their properties and establish their businesses there. Therefore, the region can entail high inputs and then significant outputs in regards to the same. All these factors are reflected high prices of properties in the region and impacted growth related to properties there. Happenings in past, present and future predictions Commercial hub of Sydney CBD had been increasing in size since attaining of independence. In the past it had a sizable population and a fascinating city to explore. With recent trends in globalisation, advancement in technology and rising importance of Australian businesses importance of area of Sydney CBD has grown further. The area had been successful post gaining attention of large number of international as well as national investors visualizing opportunities. Such investors and property developers have tremendously invested in the area leading to its growth. With setting up of multi-storied buildings, architecture and skyscrapers as MLC Centre Management, Governor Philip Tower and World Tower has enabled the locality to gain much importance related to the locality. Sydney CBD has been rated worlds second most expensive city compared to incomes with prices being 12.2 times of earning. Various researchers are pointing at record high prices in Australias biggest cities. In past there has been steady property prices with depicting trends of availability of commercial spaces. The above analysis of property markets in Australia depicts that Sydney CBD has been at the peak of markets. The area has had steady demand and supply of property due to its commercial nature of property. Ready connectivity to roadways and commercial connection that is offered by the locality hence it is able to maintain its price range along with supply of properties. Amongst all other locations spread across Sydney, this location has become hub catering to large number of business houses. This locality boasts of its cleanliness, facilities and other factors that have attracted commercial property dealers from Asia as well as across other locations. These determining factors have impended high demands and therefore high amounts of property prices fluctuations in the region(Steinfeld, 2011). Though government along with property dealers have established portals to gain steady inputs into the locational factors. Underlying economics is well suited to the place that allows several busi nesses set up operations and operate in the locality. With immense influx of immigrants in the region, commercial offices have been able to gain steady employees for their various tasks as well. Such support of demographic, locational and other factors have led to constant development in the place leading to commercial companies seeking properties to set up offices in the locality. Other factors that have provided impetus to development of properties at the location consists of governmental policies, prevailing tax rates, availability of a wide range of facilities and so on. Economic Climate Economic climate is bound to largely affect and impact property market. As economic market in Australia is on a constant downturn, it has deeply affected various market systems within the country(Hatzvi, 2008). It becomes essential to determine and assess underlying economic structure relative to a location or place such that the location can cater to needs and demands of the locality. All factors that provides impetus to economic factors has to be determined and assessed to understand the impacts they cause on a particular locality. In cases of commercial spaces it becomes essential to determine such factors such that they are able to cater to large number of additional influences which can yield positive effects on the location. Sydney CBD is connected well to the main Sydney City and has features or facilities of leading commercial spaces(Wilkinson, 2013). All determinants of Sydney are such that they can create a positive impact and role on the economy. Sydney CBD being a primary business district and business center has also been deeply affected by such downturns. Therefore, economic analysis of various factors affecting the location has been deeply analysed as interest rates, GDP, employment, world-events, government policy and so on. All economic parameters reflects that Sydney CBD has been affected from such occurrences in world events and also around Australia. Fluctuations in interest rate have affected entire countrys property markets. With such fluctuations in rates of interests, investors have been looking for avenues to invest and divert their funds into(Mulley, 2016). With peaking rates of properties, Sydney CBD has seen considerable rise in its properties investments in commercial as well as residential nature. Such investments into properties have enhanced prices of properties further. Rents and lease rates have increased considerably in the past and at present it is peaking to high levels. Annual increase in interests and rents are considerably higher as compared to peak rates that they were used to. GDP in Australia had been stagnating for quite some time with limited increase in contribution from agricultural and service sectors. Sydney CBD has offices and contributes to major service sectors especially financial ones. The location provides immense contribution into Australias GDP as it has major offices from service sectors. With rise in rent, leases and property prices, this localities contribution into service sectors has also been stagnating for quite some time. Employment has become the greatest deterrent within the Australian economy with rising rates of unemployment. Unemployment has preceded in the economy with various automotive and other jobs getting outsourced to other locations(McNeill, Office buildings and the signature architect: Piano and Foster in Sydney, 2007). Employment in Sydney CBD has been diminishing at a rapid rate with service sector jobs also getting relocated to other low costs destinations. Therefore, prices of properties in Sydney CBD needs to go down such that they can generate much more revenues and attract large amounts of investments in the region. Soaring property prices have done more harm compared to good for various service sector companies. Various companies have been forced to withdraw from the location and set up firms in suburbs of other locations that have considerably lower rates as compared to Sydney CBD. Some companies have already shifted their location to Singapore and other Asian countries. Consumer confidence determines the level of satisfaction a consumer has regarding payment of properties. As in this case there is lowered consumer satisfaction that has led to supply overtaking demands(McNeill, Fine grain, global city: Jan Gehl, public space and commercial culture in central Sydney, 2011). As prices at the locality are at its peak, there is more supply of properties in regards to rents, leases and purchases to be made. Prices are higher as supply has overtaken demand within the property space and gaps are broadening. Consumer confidence in the region has deepened in the recent past with heightening of rates and rents related to properties. Government policy has been supportive of development related to properties in the area(CBD, 2014). All policies related to property markets have received tremendous bureaucratic support such that they are able to develop and establish properties at appropriate rates. Governmental regulations in regards to building norms and safety requirements have been developed in a manner such that they can sponsor development of commercial properties(Lee, 2009). Commercial property mortgage rates has been considerably lower in the past and present as well. However, they are expected to dip to create a surge in property demands in the region. World-events are those, which affect economic and other macro factors within a region or locality. At Sydney CBD due to its importance as a financial center there have immense impact that is created from varied world events. As in regards to financial crisis at the US, there have been impacts and shutting down of several firms or companies in Sydney CBD that had been withdrawn or closed(McKibbin, 2011). Further terrorism activities have also deterred activities at the location leading to fluctuation of property rates. Inter-relationships exists amongst various variables at macro levels that affect Sydney CBD commercial property spaces. Major offices that are for rent, lease or purchases in the locality suffers from challenges that are impacted by their home offices. As HSBC is impacted from property bubble busts in UK and at other locations. Similarly terrorism bound or other major global activities are bound to impact property ratings or other factors related to the locations(Douglas, 2009). Analysis of all determining factors prove that existing rates at Sydney CBD are higher as compared to past rates. Various news authorities, researchers and property market dealers estimate that a bubble exists in the market and is bound to busts in case of absence of artificial demands to sustain the same. Such are the property price levels existing at the location(Newell, 2008). Sydney CBD with its massive commercial spaces and infrastructure are connected and interconnected to various world events as well as happenings around the globe due to its rents and leases being availed mostly by international companies. All major international companies have their hubs suitably located at Sydney CBD which makes it a major important location with its various connectivity and access to wide range of factors. Analysis according to Property Clock Property Clock is an analytical tool that allows to analyse property market prices and places them according to certain stages in a representation(Karantonis, 2007). It goes around in a cyclical manner and determines prices to sell or purchase properties on basis of their location on the clock. A property or a location is recognised according to its stages in boom or bust market periods where it makes preparation for next stages. In case a location is at boom then it is expected that demand is exceeding supply and prices in the market are at its peaks. In cases there is an oversupply of property in the market then supply increases demand then prices are expected to bottom out(Lee, 2009). Post such period a recovery starts where rental returns are expected to rise further. In analysis of Sydney CBD for the past, it reflects that the locality offers rising markets. Current trends related to the area reflects that its prices are at its peak. Various researchers and authors are evaluatin g that the property markets be it housing or commercial have reached their peak levels, it has been estimated that prices of the property going forward is expected to dip in the future. Rents and leases are also expected to come down but at current situations they are soaring at their best possible rates(Pinnegar, 2010). The above depiction from the Property clock reflects that Sydney CBD from rising property markets where there was low availability of commercial spaces it has been able to reach at its peak levels of investments. At present the locality with large developments of commercial projects, sky scrapers and other projects have been able to provide adequate supply of rents, leases and commercial properties that are available for purchases(Boon Foo, 2007). The locality has been able to house some of the world leading brand names and commercial names with support from its architecture and supporting workforce availability. However, trends depicts that the commercial spaces have now reached a position where there are various vacant spaces with limited number of buyers, investors and other participants in the market. Hence, this will force prices to come down in the locality till it can be comfortably adjust across to its supply rates. The Property Clock hence depicts that it is an ideal time to sell commercial spaces or rent or lease them in case of availability(Davidson, 202). There should be no waiting period for the investors and lessors of such properties. Therefore, there needs to be a waiting period for buyers and companies eager to take on leases or rent or purchase spaces for the purpose of their businesses. Such depictions should be accommodated for the propose of property investments. Conclusion Analysing trends of property markets it can be seen that Australian property market has been able to reach a stage of stagnancy and peak of its market prices. Studies by global investment bank UBS reveals that prices of commercial property markets in Australia are at 7% higher than it was expected to be. With tanking of interests rates at various global locations investors are eyeing property markets to bank their investments and get steady returns from them. Sydney CBD is considered to be one of the best location to invest in commercial spaces and get steady returns. However, with steep rise in prices of property spaces, it is expected that property prices, rents and leases are expected to drop in the future as well. therefore, prior to investing or taking steps in a property in the area, individuals needs to analyse significant property economics related to the area and develop a view in regards to the same. Reference Lists abc.net.au. (Retrieved on 15th November 2017). Rent Prices. https://www.abc.net.au/news/2016-10-21/gen-y-should-consider-delaying-home-purchase/7951922. Boon Foo, N. G. (2007). Modelling the commercial property market: an empirical study of the Singapore office market. Pacific Rim Property Research Journal, 176-193. CBD, S. (2014). Progress. Davidson, M. . (202). The redevelopment of Olympic sites: examining the legacy of Sydney Olympic Park. Urban Studies, 1625-1641. Douglas, N. . (2009). An explorative econometric model of Sydney metropolitan rail patronage. In Proceedings of the 32nd Australasian transport research forum (ATRF). Hatzvi, E. . (2008). Prices, Rents and rational speculative bubbles in the Sydney housing market. Economic Record, 405-420. Karantonis, A. C. (2007). Is property being over taxed-a NSW study. Australian Property Journal. Lee, S. . (2009). Evaluating the Sharpe performance of the Australian property investment markets. Pacific Rim Property Research Journal, 358-370. McKibbin, M. (2011). The influence of the built environment on mode choiceevidence from the journey to work in Sydney. McNeill, D. (2007). Office buildings and the signature architect: Piano and Foster in Sydney. Environment and Planning A, 487-501. McNeill, D. (2011). Fine grain, global city: Jan Gehl, public space and commercial culture in central Sydney. Journal of urban design, 161-178. Mulley, C. . (2016). When and how much does new transport infrastructure add to property values? Evidence from the bus rapid transit system in Sydney, Australia. Transport Policy, 15-23. Newell, G. (2008). The strategic significance of environmental sustainability by Australian-listed property trusts. Journal of Property Investment Finance, 522-540. Pinnegar, S. F. (2010). Suburban reinvestment through knockdown rebuildin Sydney. In Suburbanization in Global Society. Emerald Group Publishing Limited, 205-229. propertyupdate.com.au. (Retrieved on 15th November 2017 ). Sydney CBD Property Analysis. https://propertyupdate.com.au/property-investment-sydney/. propertyupdate.com.au. (Retrieved on 15th November 2017). Market Rates. https://propertyupdate.com.au/property-investment-sydney/. Steinfeld, J. B. (2011). Peak load characteristics of Sydney office buildings and policy recommendations for peak load reduction. Energy and Buildings, 2179-2187. Wilkinson, S. J. (2013). Options for green roof retrofit and urban food production in the Sydney CBD. In Proceedings of the RICS COBRA Conference, New Delhi, India (Vol. 1012).
Subscribe to:
Posts (Atom)