Industry Analysis & Industry Trends
The Australian dream of home ownership is increasingly shifting to focus on multi-unit apartments and townhouses, which offer inner-city lifestyles, suit smaller households and avoid the high costs of residential land. The industry constructs buildings ranging from suburban flats to military barracks and designer retirement communities.
The Multi-Unit Apartments and Townhouse industry has displayed an unprecedented level of activity since the late 2000s, with commencements surging to a record peak in 2014-15, at more than double the level of the low in 2008-09. Industry revenue is projected to increase by an annualised 6.0% over the five years through 2015-16, to total $19.5 billion, despite contracting by 6.3%... purchase to read more
Industry Report - Industry Key Buyers Chapter
Despite the existence of several large-scale firms, the industry has a low concentration of ownership. The four largest firms account for an estimated 17.1% of industry revenue in 2015-16. The market share held by these firms is expected to increase over time as the focus of industry activity shifts to large-scale developments, often including equity involvement, which can only be accessed by the large players.
Contrary to the traditional housing construction industry, a relatively high proportion of industry activity is undertaken by medium- to large-scale operators such as Brookfield Multiplex (BHCA), Meriton Apartments, Hickory Group and Lend Lease Group. These enterprises principally operate in the non-residential building and engineering construction sectors... purchase to read more