when i drive around Sydney, all I see is small businesses closing down, and big "for lease" signs for commercial spaces everywhere.
Yes, that's business "as normal" these days.....you think it strange? A multitude of hopefuls can borrow money easy these days, but most end up in strife. Most end up paying much more out than they gained in their endeavor. They are bread and butter in the financial services food chain where the fish at the top are the biggest.
Anyway, let's build some more commercial property. I hear they're running out of space!
The next trick of our glorious banks will be to charge us a fee for using net bank!!! You are no longer customer, you are property!!!
Yes, that's business "as normal" these days.....you think it strange? A multitude of hopefuls can borrow money easy these days, but most end up in strife. Most end up paying much more out than they gained in their endeavor. They are bread and butter in the financial services food chain where the fish at the top are the biggest.
Anyway, let's build some more commercial property. I hear they're running out of space!
all these empty commercial spaces could be rented out to property agencies so the commercial activity overall would keep doing very well.
seriously, it's amazing how many agencies you can have in one suburb, compared with the number of "real" local businesses, such as restaurants, cafes, hairdressers, doctors etc... it's common now to see as many as 5 agencies in one suburb of 5000 people around Sydney. but it's not a bubble ;-)
all these empty commercial spaces could be rented out to property agencies so the commercial activity overall would keep doing very well.
seriously, it's amazing how many agencies you can have in one suburb, compared with the number of "real" local businesses, such as restaurants, cafes, hairdressers, doctors etc... it's common now to see as many as 5 agencies in one suburb of 5000 people around Sydney. but it's not a bubble ;-)
all these empty commercial spaces could be rented out to property agencies so the commercial activity overall would keep doing very well.
seriously, it's amazing how many agencies you can have in one suburb, compared with the number of "real" local businesses, such as restaurants, cafes, hairdressers, doctors etc... it's common now to see as many as 5 agencies in one suburb of 5000 people around Sydney. but it's not a bubble ;-)
We need more hairdressers?
Any expressed market opinion is my own and is not to be taken as financial advice
We're flash us Brisbane dudes - Flash as rats with (borrowed/mortgaged) gold teeth ...
And the economy has a slight uptick, a case of less bad = the new good. Perhaps it's the lowest interest rates in history? Or perhaps the businesses that were going down went under before the end of the financial year to simplify their books.
One thing is for sure, there is no sign of a sustained recovery in Australia, nothing has changed but a few easily misinterpreted statistics.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
seriously, it's amazing how many agencies you can have in one suburb,... it's common now to see as many as 5 agencies in one suburb of 5000 people around Sydney. but it's not a bubble ;-)
That's a lot of agencies for such a small population.
Assuming 2.5 ppl per house (2000 homes) and 9 year hold that's 222 homes sold per year. Divide that by 5 agencies; is 44 homes sold PA per agency. Something seems suspect in my calcs or your info...
---------------------------------------------------- My burb has ~17000 ppl (6800 homes). It has a Hooker and a White, two smaller but successful agencies and one that rarely has anything listed in the burb and can't speil their own business name. So we'll say there are 4 agencies in the burb.
With the above assumptions that's 188 homes sold per agency PA. A bit more than your 44.
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