Industry Analysis & Industry Trends
Buoyant trends in residential building investment, household discretionary income and growth in the number of households have supported the Hardware and Building Supplies Retailing industry over the past five years. Households undertaking DIY home improvement renovations and repairs has also boosted the industry's performance. An undersupply of affordable housing and rising housing prices have contributed to growth as many homeowners have been deterred from moving. Instead, they have improved their existing homes through DIY renovations. In addition, the abolition of mortgage exit fees has made it easier for homeowners to refinance and unlock equity in their homes, which can be put towards home improvement projects.
Industry revenue is projected to grow at an annualised 6.7%... purchase to read more
Industry Report - Industry Analysis Chapter
The Hardware and Building Supplies Retailing industry has undergone significant structural changes over the past five years as large national retail chains have fought to capture more of the expanding DIY home improvement market. Masters entered the industry and has spent billions rolling out a network of big-box stores to challenge Bunnings' national retail dominance. In response, Bunnings has continued to expand its existing network of warehouses and has steadily lifted its market share.
The industry's performance depends on private capital expenditure trends for new and existing properties. The largest market for industry operators is DIY customers who undertake renovation, maintenance and building projects on existing homes... purchase to read more