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2005. Economics 2nd Edition Australia Nelson)
MANY SELLERS, SMALL FIRMS
There are many real estate firms that are currently in the market in Brisbane.
Large firms such as Raine & Horne, Ray Green, L J Hooker down to the small, privately owned outlets.
On the REIQ (Real estate institute of Queensland) website, (http://www.reiq.com.au) accessed April 6th 2007, a search for real estate agencies in Brisbane inner city alone returned 79 results.
These real estate agencies do not have enough power to influence price in the industry individually due to the large amount of competitors in the industry...
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