When is the element of demand present in real estate?

The Element of demand is present when someone wants the property and has the financial ability to purchase it. Utility means that the property can serve a useful purpose. Scarcity is present when the property is in short supply relative demand.

Where can I buy housing for government employees?

Approximately half of the properties used for Government employee housing are leased from the private market. If you are interested in leasing your property to the Housing Authority, please contact Coordinator Leasing on (08) 9286 6000. Alternatively you can contact your local Housing Authority office. How does it work?

How does government affect the real estate market?

For instance, federal environmental regulations may increase or decrease the supply and value of land in a local market. Real estate taxation is one of the primary sources of revenue for local governments. Policies on taxation of real estate can have either positive or negative effects. High taxes may deter investors.

How is demand for real estate related to population growth?

As population grows the demand for housing grows along with it. As housing needs to increase, the demand for industrial and commercial areas should also increase. Although the total population of the country continues to rise, the demand for real estate increases faster in some areas than in others.

How does the federal government manage personal property?

Government regulations mandate that federal agencies consider acquiring excess personal property first, before purchasing new items. This approach saves taxpayers hundreds of millions of dollars each year. Please see 41 CFR 102-36.305 to 41 CFR 102-36.330 for more information.

When does personal property become available for sale?

The property becomes available to the public for sale if no state or local government agency (or other qualified recipient) expresses interest in the personal property.

Can a federal agency pay for excess personal property?

Note: Acquiring federal agencies do not typically pay for excess personal property. However, they are responsible for any packing, shipping, and transportation costs. Federal agencies can often view personal property offerings at the facility holding the item or items.

How does the government dispose of excess personal property?

However, reuse or recycling is always preferable to disposing of an item in a landfill. Government regulations mandate that federal agencies consider acquiring excess personal property first, before purchasing new items. This approach saves taxpayers hundreds of millions of dollars each year.