Industry Analysis & Industry Trends
For many Australians, the dream of home ownership is shifting from detached homes to multi-unit apartments and townhouses, which offer inner-city lifestyles, suit smaller households and avoid the high costs of residential land. The Multi-Unit Apartment and Townhouse Construction industry constructs buildings ranging from suburban flats to military barracks and designer retirement communities.
The industry has displayed an unprecedented level of activity since the late 2000s. Multi-unit residential commencements have surged by an annualised 9.7% over the five years through 2015-16 to account for almost half of total dwelling commencements. Industry revenue is expected to increase by an annualised 7.5% over the five years through 2015-16, to reach $20.9... purchase to read more
Industry Report - Industry Analysis Chapter
The Multi-Unit Apartment and Townhouse Construction industry has shown record activity in recent years. Demand has been driven by Australia’s strong population growth, a shift in housing preferences towards high-density living and the inflow of foreign investment in the local property market. Much of the focus of industry activity over the past five years has been on the huge multistorey apartment towers that have sprung up in the major capitals. Recent large-scale apartment developments have included the Abode318 complex by Probuild Constructions in Melbourne, the Metro Residences by Hutchinson Builders in Sydney, Mirvac’s Harold Park urban renewal project also in Sydney, and Meriton’s Infinity Tower in Brisbane... purchase to read more