Industry Analysis & Industry Trends
Commercial real estate agents facilitate the sale of commercial property in Australia. Over the past five years, the industry has struggled to rebound from the global financial crisis, which led to high levels of revenue volatility and several years of significant revenue declines. These circumstances arose as business sentiment dropped and lending standards escalated, causing investors to move away from commercial property to invest in more low-risk ventures. During this period, commercial property sales volumes also fell, as property or premises upgrades became a secondary priority for struggling businesses. Overall, industry revenue is forecast to decline at an annualised 2.2% over the five years through 2014-15, to reach $842.4 million... purchase to read more
Industry Report - Industry Locations Chapter
The dispersion of industry establishments around Australia closely follows the concentration of business establishments. Consequently, the majority of commercial real estate agents are located towards the eastern seaboard, where the bulk of Australian business activity is concentrated. Testament to this is the fact that New South Wales, Victoria and Queensland together account for 76.2% of industry establishments. New South Wales and Victoria have a high concentration of retail and office properties. Queensland's proportionally large share of the industry is due to the number of tourist attractions and other entertainment complexes.
Despite Western Australia rising rapidly as a source of prominent business growth, establishment numbers are still expected to account for 10.4%... purchase to read more