Amazon Aus To Hit 50,000 Sellers By Year End
Latest research from M3 Property Strategists forecasts 50,000 sellers to list on Amazon Australia by the end of the year – a notable increase from ~13,500 at current. The news follows the behemoth’s decision to block Aussie customers from its international websites from July 1st.
The news is set to intensify local e-commerce competition, especially against rival eBay Australia. The company recently announced its new eBay Plus membership program, which provides unlimited delivery and returns from Australian sellers.
eBay Plus is set to compete with Amazon’s wider Prime service, which offers expedited shipping and discounted products for a monthly fee.
The service is set to launch later this year, in addition to AmazonFresh, which will compete against Woolworths and Coles.
According to UBS Research, 48% of surveyed grocery suppliers claim the are in talks with Amazon – up from 17% the year prior.
The news comes as online shopping in Australia continues to rise – jumping 9% year-on year, and 14.2% in the year to March.
Despite the results, M3 Property Strategists National Director, Heath Crampton, asserts retail investments continue to attract interest, driven by “relatively stable income and returns over an extended period” versus other asset classes.