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[e-gold-list] Australian Real Estate Agents

Ben Legume
Mon, 16 Apr 2001 06:21:35 -0700

I'd suggest that one reason there are so many estate agents is this: 
In the 1950s and 1960s there was a large wave of immigration to 
Australia, primarily from Southern Europe (Greece and Italy in 
particular). Over the next few decades many of the immigrants 
invested their wealth in property, however being (in the large part) 
essentially transplanted peasants weren't in a position to manage it 
themselves (many were illiterate or even unable to speak English, 
making it difficult to manage properties themselves). As a result, 
estate agents abound.

Don't think the size of the Australian continent has anything to do 
with it, 80% or so is desert and either owned by the Government 
(nominally) the big cattle concerns (and such luminaries as HRH Queen 
Elizabeth, Prince Phillip, Royal Dutch Shell etc.), but that's a 
whole other story) or are national parks of one sort or another. Mny 
vast areas are potentially the property of various Aboriginal 
traditional owners who have had some recognition of the theft of 
their land in the courts over the last decade.


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  • [e-gold-list] Australian Real Estate Agents Ben Legume