Quote:
Originally Posted by AndrewJ
Gday Peter
I think part of it also comes down to the relatively large "overhead" costs that ( brick and mortar ) businesses now have to pay, relative to the past.
Speaking to some traders in my local strip shops, rents are going up way faster than inflation, let alone dealing with all the insurances and taxes required before you can trade.
What is happening now is blocks of those shops are slowly being demolished and replaced with multi story dogboxes.
Includes a nice "architect designed" coffee shop downstairs, but thats about all.
Andrew
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Yes Andrew, you are absolutely correct, the cost of doing business in Australia is skyrocketing. My local shopping centre Carousel (Cannington WA) is currently going through a $300 million upgrade. Every time I go in there, which isn't very often, there doesn't appear to be that many shoppers around. I frequently wonder how most of the stores in the centre survive. I wouldn't want to do it.
Cheers Peter