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Question 7 (14 marks) You are advising a young couple aged in their early 20s that wish to purchase their first investment property in Sydney.

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Question 7 (14 marks) You are advising a young couple aged in their early 20s that wish to purchase their first investment property in Sydney. a) Would you recommend they invest in an income property or a speculative property? Provide specific details of why you are making this recommendation. (6 marks) b) List and discuss four key factors that you think will drive property prices in Sydney over the next two years. What impact do you think each factor will have on prices over this time frame? (8 marks)

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