The aging population in Australia has triggered a boost in the funeral industry. However, the business of death has seemed rather slow, especially that smaller operators are tweaking all its margins to make the business prosper. At times of death, people need the services of funeral directors in Sydney to prepare and save them from the horrible pain of losing someone.
Everyone is certain their death will come at the right time. Even if they aren’t prepared, they will hopefully need the services of funeral directors in Sydney to assist their relatives in this time of need. There are so many funeral homes operating in Sydney alone. They can be competing with each other just to make profits out of this business. So, choose wisely the funeral director that can really help you and keep the remains of your loved one.
In Australia alone, there are about 900 funeral operators in this business. It may be rightful to say that some of them are earning billions of dollars or a 25% profit margin to what was obtained from cemeteries, morgues and crematoria.
Many say that the business of death may be earning more considering the labour done at each funeral. However, the funeral homes,through their funeral directors in Sydney, may spend a lot for a new hearse to use and the music that you hear from them. Plus, there’s the staff to pay all their salaries. Some may even say that it’s probably a myth to have the funeral homes earn substantial amounts of money.
The enormous population growth and increasing land costs have become a major concern for this industry and they are now passing it onto the consumers. Not only is it expensive to live in Sydney, but it can also be too expensive to die here. For an average plot, it should probably cost around $10,000, while the Sydney cemeteries may be expected to run out of space by 2050.
Although just recently, the NSW government has cut the minimum rental of a grave site to 25 years, something that is already taking place at the Sydney’s Waverly Cemetery along its eastern beaches. This ruling can also be adopted in other states of Australia.