Industry Analysis & Industry Trends
Buoyant trends in residential building investment, household discretionary income and growth in the number of households have supported the strong performance of the Hardware and Building Supplies Retailing industry over the past five years. The industry's performance has also been boosted by households undertaking DIY home improvement renovations and repairs. An undersupply of affordable housing and rising housing prices have also contributed to this growth as many homeowners have been deterred from moving. Instead, they have improved their existing homes through DIY renovations. In addition, the abolishment of mortgage exit fees has made it easier for homeowners to refinance and unlock equity in their homes, which can be subsequently put towards home improvement projects... purchase to read more
Industry Report - Industry Analysis Chapter
The Hardware and Building Supplies Retailing industry has undergone significant structural change 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 is dependent on trends in private capital expenditure on 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