Regional businesses show 13% lower failure rates than city counterparts

Regional small businesses more resilient than their metro counterparts

The mounting costs of doing business in the traditional economic powerhouses on Australia’s east coast is causing a rift between metro and regional business failures rates. Previously the access to large markets, and far lower logistical costs of servicing those markets, was a benefit to SMEs in Sydney, Melbourne and Brisbane. Now a combination of higher operating costs and astronomical commercial rents in the big cities and more cautious consum…

Regional businesses show 13% lower failure rates than city counterparts

Regional Australian businesses are failing 13% less than their city counterparts, according to CreditorWatch’s latest analysis.  What’s happening: High commercial rents and property prices in these cities have placed major strain on SMEs, compounded by increases in insurance premiums, wages and utilities. Why this matters: Despite Sydney and Brisbane currently leading in business failures, their rates are beginning to level off while smaller cap…