1.++Economic+Problem

=Ms Stevenson will not be making any more comments on this page 17 March 2011= = 1. Economic problem = **Your task** 1. Press (edit) above 2. Move your cursor below your name (scroll down) - only work in the area under your name 3. Use Ms Stevenson's examplar as a guide

**Miss Stevenson's exemplar:** (note you can not use my topic! Go to your task sheet for more topic examples.)


 * ** Whose problem/issue is it: ** || My Grandmother who is 70 years old. ||
 * ** Key needs/wants: ** || Grandma wants a dog for companionship, exercise and security. ||
 * ** What are the technical aspects of the problem: ** || Grandma believes that pedigree dogs are superior to mixed breeds and accordingly will only consider pedigrees with papers ||
 * ** What are the financial aspects of the problem: ** || Grandma has $1,000 to spend on a new colddog ||
 * ** What caused the problem: ** || Grandma has always had border collies and sadly her last dog died from old age. ||
 * ** Effects of the problem: ** || By spending $1000 on a dog, Grandma will have to rethink her Christmas budget for grandchildren this year as well as budget for ongoing dog maintenance and care costs. ||


 * Cody B**

Ms Stevenson: Well done Cody - great start!
 * Whose problem is it? || My problem in a few years time. ||
 * Key needs/wants: || A nice apartment, close to all necessary things, ie. shops, recreational places, beach/lake etc. In either Surfers Paradise, Broadbeach or Burliegh. Nothing above 3 bedrooms, 2 bathrooms and 2 car spaces. ||
 * What are the technical aspects of the problem? || Nothing above 3 bedrooms, 2 bathrooms and 2 car spaces. Security, pool, gym, laundry. Doesn't matter whether it is furnished or not. ||
 * What are the financial aspects of the problem? || $400,000 is the max price I'm willing to spend. ||
 * What caused the problem: || Just wanted to get a place of my own and start building from there. ||
 * Effects of the problem: || Will have to be tight with money due to the expensive of living on my own, might have to have room-mate or even ask for a loan from my parents to avoid paying interest back to banks, etc. ||


 * Santiago C**

I wish to gain an income without having to work. || financial security. || having to work. Investing money in shares, trusts and funds. || chance. ||
 * Whose problem is it? || My great- uncle recently died and has left me $10,000.
 * Key needs/wants: || I want to earn money without having to work in order to have some
 * What are the technical aspects of the problem? || Finding secure of profitable ways of actually earning money without
 * What are the financial aspects of the problem? || I only have $10,000 to begin with and if i lose it, there will be no second
 * What caused the problem: || I am too lazy to work. ||
 * Effects of the problem: || I do not have enough capital to buy all goods and services desired. ||


 * Ben C**

Ms Stevenson: Ben - Time to get started!
 * Whose problem is it? || Write your answers in here and below ||
 * Key needs/wants: ||  ||
 * What are the technical aspects of the problem? ||  ||
 * What are the financial aspects of the problem? ||  ||
 * What caused the problem: ||  ||
 * Effects of the problem: ||  ||


 * Ben G**

Ms Stevenson: Excellent start Ben! Great thought process
 * Whose problem is it? || I am a 45 year old mining engineer married with 3 children who works for Rio Tinto who plans to retire when I am 60 years old. At the moment I earn $150,000 a year which has sustained me financially. As part of my advancement, I have been given a choice of three different packages for a five-year contract. I must choose which one best suites my situation. The three packages are:
 * A straight increase in wages of $100,000 a year under a fixed contract which will be placed into a ANZ Long Term Deposit Account at 6.2% p.a.
 * The injection of the said $100,000 into a superannuation account of my choice (however I will stick to my current superannuation firm Australian Super) under a year-by-year negotiable package
 * A share package worth $100,000 a year which will invest in Rio Tinto shares. The price for the shares will be negotiated on a yearly basis. ||
 * Key needs/wants: || Though I am financially stable at the moment, I do not have enough saving to sustain myself during retirement. As such, I want to ensure that I can continue my lifestyle after I retire and want to start saving. ||
 * What are the technical aspects of the problem? || Each of the three plans poses technical benefits and issues to my situation. For each plan these issues are:
 * Plan 1: As the salary increase is a fixed rate of $100,000 a year this will not take into account inflation and ultimately my income will devalue over the five year period (this however will be offset by the savings account). However, this money will be available immediately to me.
 * Plan 2: As stipulated under the Superannuation Industry (Supervision) Regulations 1994, I cannot access this money untaxed until I turn 60. Also, I do not have the ability to determine where my money is invested.
 * Plan 3: This money will be available to me at any time I wish to uninvest- this will however incur a small brokerage fee. This plan also allows for me to manage my investments. ||
 * What are the financial aspects of the problem? || Each proposals financial aspects are:
 * Plan 1: This addition of $100,000 will increase my tax bracket from the $80,001 – $180,000 to the $180,001 and over bracket. This means that $70,000 from the addition will be charged at 45 cents per dollar instead of 38 cents a dollar. (a tax of $55,850 plus $31,500). However, the 6.2% p.a. will grant me a steady income which will not only improve over the 5 year contract but the full 15 years (if I retire at 60) Remember to take into account medicare levy of 1.5%
 * Plan 2: This money will be tax free income which I can access once I retire, along as that retirement is after I turn 60 years old. However, the total benefits I receive from this investment does depend of market trends and the inability for me to determine where my money is invested is a prevalent issue Also when you access it - you would need to take it as an annuity rather than a lump sum to avoid tax.
 * Plan 3: Initial investment will be in Rio Tinto, a reasonably stable blue chip stock. However factors, such as the introduction of a profits tax and the stagnation of Japanese companies, a major buyer of Rio Tinto products and capital goods, could significantly impact shares. Furthermore, the lack of economic activity in Japan and the need to shut down the TSE and the turbulation that will result in international markets could significantly effect any shares I invest in now. However, most importantly, this income will be taxed under the Fringe Benefits Tax Laws and will result in a tax rate of 45% (plus 1.5% Medicare Levy) for all of the $100,000 [perhaps look at the stock for the past 5 years as well to get an insight as to highs and lows] ||
 * What caused the problem: || A promotion as a mining engineer at Rio Tinto where I have a choice of three different salary packages. ||
 * Effects of the problem: || Each proposal presents both short and long term benefits and negatives. As I am looking to further my savings for retirement I need to think long term. However I need to take into account of the variables, especially market trends, in order to ensure that I have the most savings in retirement. ||


 * Michael G**


 * Whose problem is it? || Me in one year ||
 * Key needs/wants: || i want to by my first car ||
 * What are the technical aspects of the problem? || i need a car that can fit 5 people, and has to be an automatic ||
 * What are the financial aspects of the problem? || i only have $10000, to spend on registration and insurance and the car ||
 * What caused the problem: || my mum has refused to drive me anymore, and i need the car to get to trainings ||
 * Effects of the problem: || I only have $10000 in my bank account, so i will need some left over for other aspects of life, ||

Ms Stevenson: Well done Michael!


 * Max H**


 * Whose problem is it? || A young business couple at 25 years old ||
 * Key needs/wants: || An apartment that is inner city with 3 bedrooms, 2 bath and 2 cars. In the suburbs of New Farm, Newstead and or Brisbane ||
 * What are the technical aspects of the problem? || 3 Bedrooms, 2 Bathrooms and 2 Cars. Modern and unfurnished. The property needs to be close ot the city, so they can be close to work and so they can keep their lifestyle as a young business couple, and they want to be close by the cafes and restaurants. Each of the suburbs is close by the river, so transport is easy. They can use the CityCat and this makes it easy for them to travel to and from work. By being in the city they are close to the best of Brisbanes school and education. ||
 * What are the financial aspects of the problem? || The couple is interested in apartments in the 1.3 - 1.4 million dollar mark. ||
 * What caused the problem: || They have lived in a rental property for 2 years together (after getting married), they have a very good credit history so the banks are prepared to give them a loan. After paying rent for 2 years living together, they have enough money saved to buy there own property. Looking into the future the couple would like to start a family, so by having the 3 bedroom apartment they have sufficient room for a child. ||
 * Effects of the problem: || The couple would have to take out a loan, which means they have to pay it off, in this process of paying it off they will loose their current lifestyle (going out and living as a couple) as the move into becoming a young family. ||

Ms Stevenson: Good start Max


 * Eliot H**


 * Whose problem is it? || My dad 40 years old ||
 * Key needs/wants: || A relatively new Boat. If second hand or old in design, they can both be bought no later than 2003 for the hull with an engine use of less than 100hrs to ensure that the boat is rarely used, thus, it is in a stable condition. The higher the boat used to cost, the more value it will have because repairs won't cost as much as buying a new boat of that type. ||
 * What are the technical aspects of the problem? || Dad needs something relatively new and will only consider something cheap, safe, (fuel efficient,maybe) and easy to handle. He also needs money for the insurance. Must be 5-6 metres long and can only be polycraft/quintrex/haines signature. This boat also needs to be easily repaired and ride the waves smoothly (in easy to handle). ||
 * What are the financial aspects of the problem? || He wants a reasonably priced boat between 0-50,000 dollars. ||
 * What caused the problem: || The other one is not sea worthy, too old and is rusty and took too much money to maintain properly including petrol cost. It was also polluting the environment quite bad. ||
 * Effects of the problem: || My Christmas presents may be diminished. The fuel for this boat also needs to be accounted for along with the maintenance. Seeing as boats don't cost that much, I'm going to limit the cost down to $25-35,00 so I have good christmas presents in the future. If the boats are bad, I am willing to go onto 40,000. The Christmas present should still be decent if I used that much. ||


 * Connor L**


 * Whose problem is it? || A student who has just graduated from school and is entering his first year in university have been give $4000 from his parents to spend on a laptop to use at university in the coming years. ||
 * Key needs/wants: || A laptop that has to last him for numerous years as he completes his time at university. ||
 * What are the technical aspects of the problem? || A new laptop that is: light, fast, portable, has a good warranty and easy to use. ||
 * What are the financial aspects of the problem? || He only has $4000 to spend on a laptop, but he is not allowed to keep the left over cash. As his parents have given him this money so he can select the best laptop available in that price range and not be influenced buy the allure of left over cash ||
 * What caused the problem: || His parents gave him $4000 dollars for his birthday to buy nothing but a laptop for university. His parents gave him this money so that the the their son, the student, can How about ... the demands of uni require a laptop to increase efficiency of taking notes, doing reserach etc ||
 * Effects of the problem: || The Laptop must last him throughout his university years, as he does not want to spend his money later on a new computer. ||

Ms Stevenson: Great start Connor


 * Brendon L**

Currently, he has a moderate but stable income but desperately needs more money. || He wants as much surplus cash as he can to satisfy his unlimited wants, and possibly buy another car. ||
 * Whose problem is it? || A young person with $10000 wants to repay a car loan.
 * Key needs/wants: || He needs to earn enough money (preferably on the stock market) to repay this loan while living comfortably.
 * What are the technical aspects of the problem? || He has less than 6 months to repay the loan. No one is prepared to offer him financial help. ||
 * What are the financial aspects of the problem? || Limited starting cash ($10000). ||
 * What caused the problem: || Buying the car. He needs to repay the loan and he's too lazy to get a better job. ||
 * Effects of the problem: || He's short of time. May have to limit his usual wants while he repays the loan. ||

Ms Stevenson: Well done Brendon!


 * Jacob M**


 * Whose problem is it? || I am looking at buying an apartmant so i can put it up for rent. ||
 * Key needs/wants: || a large 3-4 bedroom 2-3 bathrooms and needs to have close proximity to the city for work ||
 * What are the technical aspects of the problem? || the apartmant must be suitable for ||
 * What are the financial aspects of the problem? || it needs to be between $800,000 and $1,000,000 ||
 * What caused the problem: || an excess of money which was a temptation to spend ||
 * Effects of the problem: || the effects result in me losing money ||

Ms Stevenson: Keep going Jacob!


 * Ben M**

what else are you looking for in your boat ... eg engine size, fuel efficiency, gps etc... you know more about this than me - make sure you pick 3 different boats to Eliot ||
 * Whose problem is it? || I will be getting my boat license and would like to buy a MALIBU boat with a cost of between $30,000 - $50,000 ||
 * Key needs/wants: || 20-30ft boat ||
 * What are the technical aspects of the problem? || Any bigger than 30ft may exceed my budget ..
 * What are the financial aspects of the problem? || I only have $50,000 in my bank account ||
 * What caused the problem: || I have always wanted my own boat rather than spending money on renting them ||
 * Effects of the problem: || If i spend all my money on the boat, I will have nothing left for other aspects of my life ||

Ms Stevenson: Good start Ben!


 * John N**

Anything else ... 3 doors v 5 doors, fuel efficiency, motor size, etc etc etc ||
 * Whose problem is it? || I get my provisional licence and need to buy my first car. ||
 * Key needs/wants: || The car must be a manual. I prefer a 5 door, as this would allow for more space in the car. Fuel efficiency is a top priority as it would save money long term.
 * What are the technical aspects of the problem? || I have decided on a small/hatchback car as I will be able to get a good quality small car for my specific price range. ||
 * What are the financial aspects of the problem? || I have budget of $15,000 - $25,000 to spend on the car. I also have to consider long term costs such as service costs. ||
 * What caused the problem: || I have obtained my "P's" and need to purchase my first car to establish my independence. ||
 * Effects of the problem: || I also have to investigate the resale value of the car I decide to buy. I will want to sell it in a few years, and want to get to most money back as possible. ||

Ms Stevenson: Good start John!


 * Stephen P**


 * Whose problem is it? || Tim, a 60 year old man and his wife, want to invest in property in Mt Gravatt and then rent it for 400 a week. ||
 * Key needs/wants: || An investment property with a safe return. ||
 * What are the technical aspects of the problem? || Wanting a certain and secure return. Not in a risky area. ||
 * What are the financial aspects of the problem? || Only have 400,000 to spend on an initial house, and 100,000 on the renovation of the house. ||
 * What caused the problem: || Recently retired and want to still keep a consistent income. ||
 * Effects of the problem: || If there are any problems with the reconstruction, selling or renting, the cost could become more, resulting in less money for their retirement. ||

Ms Stevenson: Good work Stephen!


 * George R**


 * Whose problem is it? || I am a 15 year old school student ||
 * Key needs/wants: || I need a new mobile phone with specific features  ||
 * What are the technical aspects of the problem? || The phone needs to be able to play music and has to be touch screen.  ||
 * What are the financial aspects of the problem? || My budget is only $900 and the phone needs to be pre-paid.  ||
 * What caused the problem: || The fact that my old phone was dropped in water and broke. It was not under warranty. ||
 * Effects of the problem: || Because the phones being analysed are generally expensive, the price may be over the money limitations. This means that I may have to consider alternate methods to purchase the products such as online. I may have to satisfy my wants with a cheaper product. ||

Ms Stevenson: Get started George!


 * Laksith R**

should also have enough space to cater for these needs. In addition, I would prefer to buy the phone from a store rather than online. || touch and phone, combined. || consider similar products with either Google or Window's OS (Operating System). ||
 * Whose problem is it? || I am a 16 year old school boy, unemployed. ||
 * Key needs/wants: || I want a brand new phone for myself. ||
 * What are the technical aspects of the problem? || The phone must an unlocked smartphone, which can run various applications, play music and videos, so it
 * What are the financial aspects of the problem? || I only have $650 budgeted available to buy the phone, but I may be able to add another $50 to that total. ||
 * What caused the problem: || My old iPod touch and current phone is old, so I would like to a new phone with the features of the iPod
 * Effects of the problem: || Because the more popular iPhone smartphone retails well over my possible $700 available, I must

Ms Stevenson: Laksith - you need to rethink your problem to be three different products of similar price - I want you to make your decision based on a criteria other than price


 * Jacob R**


 * Whose problem is it? || 65 year old married man who has retired, living on superannuation and gaining money from existing shares which he owns. ||
 * Key needs/wants: || Choosing which stock out of 3 to invest around $200,000 into, that is stable and reliable for short and/or long term benefit ||
 * What are the technical aspects of the problem? || Weighing up the dividend yield, capital growth and stability of the economy at that point in time. Knowing when to buy is a domineering factor in the purchase problems ||
 * What are the financial aspects of the problem? || Deciding whether to purchase the share with maximum long term stability and growth, or the share that looks promising for a sharp short term gain, but hence taking a substantial risk. Depending on the situation of the economy, the amount of money to invest could vary and the timing of purchase. Also there is a great amount of risk involved in the stocks so he needs to think carefully about the financial aspects. ||
 * What caused the problem: || Going into retirement means that he is not earning a flow of income and is only using his superannuation, so therefore he needs to invest a substantial amount of money for money in the future, as his super runs low. Whether that means to gain a sharp money gain in a short period of time, or gaining a slow, steady increase over time, a substantial investment is still required. ||
 * Effects of the problem: || By investing money in shares, it will mean less inheritance for his three sons, but also means he has to lower his consumer expenditure. Therefore can not get that boat he wanted at this moment in time. ||

Ms Stevenson: Jacob - great start


 * Rushil R**


 * Whose problem is it? || Elder cousin doing full time course at University and taking care of younger cousin in his apartment. ||
 * Key needs/wants: || Elder cousin needs a stylish phone on a cheap plan, with at least $150 credit. To communicate with younger cousin he needs to buy him a phone as well. Younger cousin demands no credit, no internet, no games but unlimited calls to older cousin's phone, and a stylish phone. ||
 * What are the technical aspects of the problem? || Cheap plan with good phone and a connection network that has cheap call rates and cheap text. 70 minutes worth calls for older cousin to contact others and other 70 minutes for his brother. No international calls/text (parents live overseas and they regularly call the cousins so there is no need of international calling/texts). They have access to internet at school and Uni. ||
 * What are the financial aspects of the problem? || Elder cousin has no earning so he wants to pay as minimum as possible. He can afford to pay between $20 - $30 for his plan and $10 - $20 for his brother's plan. Elder cousin doesn't have a job but gets a grant of $510 per fortnight from Centrelink. University course cost is paid by their parents who live overseas. There is hardly any saving after the cousin's expenditure of Centrelink money. ||
 * What caused the problem: || Their contract with telstra expired- it was a phone bundle with internet. They don't want telstra - they think it is rip off. They were very unsatisfied with the two years contract with Telstra, which provided low-cost service for high-payments by the customer. In two years so many other competitors raised and provided better goods and services than Telstra, making Telstra the worst in their view. ||
 * Effects of the problem: || Besides buying the phone plan, for him and his brother, elder cousin wants to save as much as possible for their future expenditure because he will not be doing job for a long time. Buying two phone plans that aren't contracted with the same connection/company, will give them less time of talk to each other which will be followed by high payments as this is their need. They hate telstra after all the payments they made and received no customer service or satisfaction. Elder cousin is looking for other alternative connections besides telstra who are good competitors, not poor connections which hardly pick up signal. ||

Ms Stevenson: Get started Rushil!


 * Benjamin S**

Also, my financial commitments are related to my daughter's school fees while my income flow is quite steady and no increase is expected this year. I have been approved an $8000 credit card loan limit however it has been already used for this year so i have to rely purely on my income. ||
 * Whose problem is it? || I am 42 years old, married with a daughter ,11years old, moving to work in the city (CBD) ||
 * Key needs/wants: || I want to rent an apartment with 2 bedrooms 2 bathroom and at least 1 parking space ||
 * What are the technical aspects of the problem? || **CBD**- close and desirably in a walking distance to my workplace (George St.) **city outskirts** - close to train station so that free communal parking could be at my disposal **suburban area** - close to public transport (preferably bus and train optional) ||
 * What are the financial aspects of the problem? || I have my income deductions on house mortgage, car and technical goods purchases so my budget for the rent cannot exceed $700 per week at most.
 * What caused the problem: || Getting a new job in the city ||
 * Effects of the problem: || Travelling cost from my house in the small town to the city workplace would accumulate my current debts; therefore keeping the mortgage and renting an apartment near the new job position is more justifiable - less costly (balance the cost) ||

Ms Stevenson: Ben - this is not detailed enough. Go back and read my example and then read some of your classmates and try again. You need to pick 3 different products to compare - not just one.


 * Denton S**


 * Whose problem is it? || My parents want to buy a house for no more than $700,000 in america to live in while i attend college there. ||
 * Key needs/wants: || A house with 4 bedrooms 2 bathrooms and at least three stories high (one story for storage such as an atic or basement), which needs to be in Richmond, Williamsburg or Charlottesville. There needs to be a maintanance person to mow lawns and do basic cheaks on the house because my parents plan on travaling. ||
 * What are the technical aspects of the problem? || As my parents grow older they want to be close to the city so there is transport, close by shops, medical needs, my c ollege and other friends and relatives . Because they want to travel they must also be able to own the house without living in it. ||
 * What are the financial aspects of the problem? || My parents will sell the current house for 900,000 but only 700,000 will be spent on a house in america,the rest will be spent on traveling fees ||
 * What caused the problem: || Because the American housing market has hit an all time low the houses are much cheaper and because it will not stay this way my parents want to buy as quickly as possible. The australian dollar is also exeeding the us dollar which means it will cost even less after the money is exchanged. ||
 * Effects of the problem: || They will no longer have a house in australia, which will mean they have to pay a boarding fee for my little brother to stay at the school. ||

Ms Stevenson: Denton - great start! But please pay more attention to your spelling


 * Adam S**


 * Whose problem is it? || A young married couple have one child and they wish to have another but they must buy a bigger house as they have no room. ||
 * Key needs/wants: || The couple want a larger house in either Hendra, Wooloowin or Wavell Heights with more bedrooms, a large backyard and extra living space for all to use. ||
 * What are the technical aspects of the problem? || As the children are growing older, the house will need to be near schools, parks, public services such as libraries, shops, cafes and restaurants. The father also works in the city and hates the traffic in Brisbane so the property needs to be need public transport. ||
 * What are the financial aspects of the problem? || The family will sell their current house and will also take a loan giving them the oppurtunity to by a house from $800 000- $900 000. ||
 * What caused the problem: || The family wishes to have another child therefore the house they live in currently is too small for four people so they have to move. ||
 * Effects of the problem: || By taking out a loan, the family will have to spend a long time repaying it which will limit the amount of money they can spend. ||

Ms Stevenson: Excellent work Adam!


 * Jackson T**


 * Whose problem is it? || A 40 years old man with a wife and 2 kids is looking to buy a new house. his previous house was recently destroyed in a storm and as a result is looking to buy a new one ||
 * Key needs/wants: || He is looking for a house preferably not on a main road, away from any traffic. it should be quite a spacious to accomodate for the family; 3 bedrooms, 2 bathrooms, study, lounge, dining, kitchen and a pool for summer. Moving to a friendly area that the family is familiar with would be a great positive (Eg. Ascot, indropilly or ashgrove) ||
 * What are the technical aspects of the problem? || As the kids are still in school, the house should be within walking range. Parks and shops should also be near by for recreational purposes. Furthermore both the wife and himself work close to the city so there should be easy access to public transport or a big garage to accomodate for 2 cars ||
 * What are the financial aspects of the problem? || The family will sell the current damaged house for some extra dollars to contribute to the new house. The new house that we are buying will be expected at no more than 1,000,000 ||
 * What caused the problem: || The 2008 storms of brisbane ravaged the house we were previously living in and were thinking of moving anyway so now seems like a good opportunity to do so. ||
 * Effects of the problem: || Buying a new house requires sacrifices. Taking out loans to pay for the house is the first problem. Getting a loan of approximately 1,000,000 will limit any spending in the next few years as we will need to save it as fast as possible to pay off the loan. Secondly, a lot of time and effort is used in the process of moving the furniture,ect. ||

Ms Stevenson: Jackson - given you have to research this now (not when you are 40) you need to make up a person .... so you can do the research now. Please start your sentences with capital letters.


 * Ben T**


 * Whose problem is it? || I am a 60 year old, recently retired Australian politician looking to invest in shares. ||
 * Key needs/wants: || I want to establish a stable income via these shares to fund my retirement years which I anticipate to be about 20 years. ||
 * What are the technical aspects of the problem? || I want to invest in an enterprise that is ethically affable with my views on society. I would also like to invest in an Australian enterprise to support my country. ||
 * What are the financial aspects of the problem? || The financial aspects of the problem are:
 * My bulk income has ceased.
 * I have $100,00 to invest.
 * I have $20,000 in existing shares which I am prepared to sell if better opportunities arise. ||
 * What caused the problem: || I lost my seat in the House of Representatives and have decided not to re-run. ||
 * Effects of the problem: || I don't want to sacrifice my personal surplus but at the same time, I want to invest in an enterprise that I feel will benefit Australian society. I ||

Ms Stevenson: Well done Ben!


 * Zachary T**


 * Whose problem is it? || I am a middle aged man, (40 years old) looking for an investment property. Currently single and employed as a teacher at Kelvin Grove State High school. ||
 * Key needs/wants: || Mainly im interested in buying an investment property from either Annerly, Salisbury or Logan. ||
 * What are the technical aspects of the problem? || Only interested in properties from these areas, generally fiting under my budget and also presents steady increase in house prices. Target family of 4 ( 2 adults 2 kids) therefore- 3 bedrooms, 2 bathrooms, 1 garage (must have a car space of 2), close to public transport, schools and parks. ||
 * What are the financial aspects of the problem? || I have between $200,000-$400,000 dollars to spend on this property, taking a loan of approixmately $200,000 will allow me to purchase a house of around $600,000. I earn an average wage of $60,000 a year. ||
 * What caused the problem: || Bored, looking to expand my finanical portfolio. ||
 * Effects of the problem: || Taking the loan of $200,000 will strain my spendings and it will take a long time to repay this money back. ||

Ms Stevenson: Zac - well done ... try and keep the houses you pick at a similar price as I want you to make your decision based on a criteria other than price