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 - Starting a New Business Chapter
Barriers to entry are low among commercial real estate agents in Australia. The industry is highly labour intensive and therefore requires little capital expenditure to establish operations. Regulation is primarily concerned with minimum licensing requirements, making it easy for people to enter the industry. However, attaining skilful staff is often presents itself as a barrier to entry.
While the barriers to entry are low, attaining clients is more problematic. Establishing reputation is a major difficulty, especially when competing against well-known companies that specialise in a particular market niche... purchase to read more