Industry Analysis & Industry Trends
The Australian dream of home ownership is increasingly focused on multi-unit apartments and townhouses, which offer inner-city lifestyles, suit smaller households and avoid the high costs of residential land. Operators in the Multi-Unit Apartment and Townhouse Construction industry construct buildings that range from suburban flats to military barracks and designer retirement communities.
The industry is projected to generate revenue of $17.7 billion in 2014-15. This represents a minor decline by 0.8% on the previous year associated with major project completions, but also represents accelerated growth by an annualised 7.7% over the five years through 2014-15... purchase to read more
Industry Report - Industry Products Chapter
The principal service provided by the industry is the construction of dwellings such as multi-unit apartment complexes, townhouses and retirement homes. The bulk of industry revenue is derived from work on new building construction - 77.4% according to the Australian Bureau of Statistics (2011-12). The balance is generated from the conversion or renovation of existing buildings, and repair and maintenance work on residential buildings.
Industry players may operate as a prime contractor (overseeing the complete construction of a new project from design through to lock-up stage), joint venture developer, prime contractor on alterations to an existing building, or subcontractor completing one or more segments of construction... purchase to read more