Quote:
Originally Posted by jeff65
Few make the connection but largely this is a direct consequence of Australia's high real estate prices compared to elsewhere. The shop owner has to pay for retail space, the distributor for warehouse space and every employee is paying rent or a mortgage.
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Actually, I do see a lot of connection. That's why I'm eager to move to a warehouse... still, you can't really get rent cheaper than $30,000 a year in our area for the minimum you need to run a LAS.
High rentals and high labour costs... that's what's pushing retail prices up for every industry. Rent and wages are the highest risk to shops.