Below is a summary of 2016 census data from the Canterbury-Bankstown Local Government Area (LGA), which is an LGA located in New South Wales, Australia. Based on this summary table, you are setting up a development plan. Conducting a thorough market analysis is required to complete a successful development. In order to reach your goal (i.e. successful development) please answer the questions listed below. This exam is based on the census summary table.

Age	Canterbury-Bankstown	%	New South Wales	%	Australia	%
Median age	35	--	38	--	38	--
0-4 years	24,976	7.2	465,135	6.2	1,464,779	6.3
5-9 years	24,182	7.0	478,184	6.4	1,502,646	6.4
10-14 years	21,883	6.3	443,009	5.9	1,397,183	6.0
15-19 years	21,865	6.3	448,425	6.0	1,421,595	6.1
20-24 years	24,494	7.1	489,673	6.5	1,566,793	6.7
25-29 years	26,488	7.6	527,161	7.0	1,664,602	7.1
30-34 years	26,567	7.7	540,360	7.2	1,703,847	7.3
35-39 years	23,995	6.9	499,724	6.7	1,561,679	6.7
40-44 years	22,859	6.6	503,169	6.7	1,583,257	6.8
45-49 years	22,021	6.4	492,440	6.6	1,581,455	6.8
50-54 years	21,786	6.3	485,546	6.5	1,523,551	6.5
55-59 years	20,110	5.8	469,726	6.3	1,454,332	6.2
60-64 years	16,828	4.9	420,044	5.6	1,299,397	5.6
65-69 years	14,087	4.1	384,470	5.1	1,188,999	5.1
70-74 years	10,810	3.1	292,556	3.9	887,716	3.8
75-79 years	8,881	2.6	217,308	2.9	652,657	2.8
80-84 years	6,986	2.0	155,806	2.1	460,549	2.0
85 years and over	7,487	2.2	167,506	2.2	486,842	2.1
Registered marital status People aged 15 years and over	Canterbury-Bankstown	%	New South Wales	%	Australia	%
Married	141,342	51.3	2,965,280	48.7	9,148,218	48.1
Separated	9,498	3.5	190,198	3.1	608,059	3.2
Divorced	21,805	7.9	512,298	8.4	1,626,890	8.5
Widowed	14,925	5.4	331,653	5.4	985,204	5.2
Never married	87,694	31.9	2,094,460	34.4	6,668,910	35.0

Employment People who reported being in the labour force, aged 15 years and over	Canterbury-Bankstown	%	New South Wales	%	Australia	%
Worked full-time	85,599	56.8	2,134,521	59.2	6,623,065	57.7
Worked part-time	44,841	29.8	1,071,151	29.7	3,491,503	30.4
Away from work	7,755	5.1	174,654	4.8	569,276	5.0
Unemployed	12,420	8.2	225,546	6.3	787,452	6.9
Family composition	Canterbury-Bankstown (A)	%	New South Wales	%	Australia	%
Couple family without children	23,619	26.9	709,524	36.6	2,291,987	37.8
Couple family with children	46,332	52.8	887,358	45.7	2,716,224	44.7
One parent family	15,988	18.2	310,906	16.0	959,543	15.8
Other family	1,884	2.1	32,438	1.7	102,559	1.7
Household composition	Canterbury-Bankstown (A)	%	New South Wales	%	Australia	%
Family households	83,008	77.0	1,874,524	72.0	5,907,625	71.3
Single (or lone) person households	21,173	19.6	620,778	23.8	2,023,542	24.4
Group households	3,589	3.3	109,004	4.2	354,917	4.3

Question 1.

The Highest and Best Use Analysis (HBUA) arises from the fact that land is a productive factor that can have multiple uses. Understanding the highest and best use is fundamental to the valuation and the productive development of land. Use the site information below and the information within the census information to answer Question 1.

Site information

The site is a 950sqm flat vacant site located in a R3 Zoning NSW - Medium Density Residential Zone in the Canterbury-Bankstown Local Government Area. The height restrictions on the land allow for 2 storey buildings. There are no overlays on the site. The site is located close to a train station, a retail precinct, and several schools.

1. Using the above information about the site in the Canterbury-Bankstown Local Government Area, propose a basic development proposal overview for the site.
2. Demonstrate how your development is the Highest and Best Use by using the four (4) criteria of the HBUA. Make assumptions where necessary within your answer