What is the Real Estate Agency Franchises industry?
The Real Estate Agency Franchises industry displays low capital intensity. For every dollar invested in capital, the average industry participant will spend an estimated $15.67 on labour costs in 2016-17. Capital intensity is low because industry operators have little need for machinery, plants or equipment compared with other industries. The industry's capital investments are mostly in office equipment, information technology, telecommunications technology and automotive transport. The depreciation costs associated with these capital investments are small in proportion to wage costs. Labour costs are high due to the high level of personal contact with clients and related parties, such as property owners, buyers and tenants... purchase to read more