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House Construction in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

House Construction Market Research Report | ANZSIC E3011 | Apr 2013

Solid foundations: Strong pent-up demand will help build industry revenue

IBISWorld’s House Construction market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$38bn
Annual Growth 08-13
-2.0%
Annual Growth 13-18
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Profit
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Employment
85,000
Businesses
41,500
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

 


Industry ProductsRelated ReportsTable of Contents

What is the House Construction Industry?

This industry consists of establishments mainly engaged in the construction of houses (except semi-detached houses) or in carrying out alterations additions or renovation or general repairs to houses, or organising and managing these activities as the prime contractor.

Industry Products
Housing alterations, repairs and additionsFirst home buyer single-unit house constructionOther single-unit house constructionMulti-unit house constructionNon-construction activities
 
Industry Activities
House buildingHouse alteration, renovation and general repairPrefabricated house on-site assembly, erection and installation Project management


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