Industry Analysis & Industry Trends
The Architectural Services industry has endured a tough five years due to a prolonged downturn in the building construction market. Over the past five years, the winding back of educational building investment and weak non-residential construction markets have led to subdued demand for industry services. Revenue is estimated to rise by just 0.5% annualised over the five years through 2014-15, corresponding with a slump in the value of total building construction over much of the past five years.
The key building markets for architectural services have displayed divergent trends over the past five years... purchase to read more
Industry Report - Starting a New Business Chapter
There are few significant legislative barriers to entry into the industry, other than the requirement to be registered as an architect in each state or territory of practice.
Many architects are sole traders and operate their businesses from home or in a shared office environment. There are only limited capital costs associated with establishing a practice, which are similar to the costs of establishing any small business.
Price is an important aspect of industry competition, however, firms with an established reputation for design quality and on-time project delivery are more likely to secure contracts with high-value clients. These larger architectural firms are also more likely to have the capacity to offer a wide range of design services... purchase to read more