The home office is the main place of work for two million Australians – and is a growing phenomenon set to change the property market forever.
According to the Australian Bureau of Statistics, 8.5% of the workforce are operating as a sole-person business and one in 12 employees spend more time working at home than any other location.
The surge in one-person businesses is being driven by enabling technologies – laptops, websites and smart phones – along with a search by many people to earn their income in a flexible way which meets their aspirations.
The numbers of these businesses is rising fast. It’s a trend with big implications for the property and home construction sector.
So where are they located and what implications does this have for the real estate sector?