3. Property Law and Property Tax. Property Law: Describe the relationship between property law and the property market. In your answer, explain how our legal system may affect buyer confidence and values in the property market. Property Tax: if you were to introduce a new and fair property tax, what would it be, why would it be fair and what would be its effect on property owners? (Australia)

4. Property as an Asset (as an asset class). Discuss property from the perspective of wealth holding and income generation. Mention the characteristics of the property asset class and compare residential property to other asset classes, mentioning both its key strengths and limitations. (You may like to use a table for this answer.) (Australia)