Industry Analysis & Industry Trends
The Architectural Services industry has endured a tough five years, due to a prolonged downturn in the construction market. In recent years, subdued demand has been caused by the winding back of educational building investment and weaker housing construction. Revenue is estimated to rise by an annualised 0.4% over the five years through 2013-14, corresponding with a slump in the value of total building construction.
The key building markets for architectural services have displayed divergent trends over the past five years. In the non-residential building market, the value of institutional building has benefited from the injection of federal funding for school refurbishment under the Building the Education Revolution (BER) program... 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/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 project delivery, are more likely to secure contracts with high-value clients... purchase to read more