Industry Analysis & Industry Trends
Home ownership is the cornerstone of the great Australian dream, as it can provide financial and emotional security for households and typically represents their largest lifetime investment. The House Construction industry's revenue is forecast to total $37.9 billion in 2012-13, an increase of 1.1% on the previous year as new housing investment gradually recovers under the pressure of pent-up demand for accommodation and lower mortgage interest rates.
Over the five years through 2012-13, industry revenue is expected to decline by an annualised 2.0%, corresponding with the declines in the value of new single-unit housing construction (an annualised 2.1%) and the number of new housing starts (an annualised 3.7%)... purchase to read more
Industry Report - Industry Investment Chapter
The principal services provided by the industry are project management and trade skills, neither of which have a high capital component. The industry's capital equipment tends to be of a rudimentary nature. The start-up costs for housing contractors are under $10,000 (excluding vehicle costs and insurance). This includes the purchase of a full complement of power tools (e.g. compound mitre saws, planes, circular saws, nail guns and compressor units) and un-powered trade tools (e.g. ladders, frames and clamps). Specialised capital equipment requirements are typically supplied by a subcontractor or leased on a piecemeal basis... purchase to read more