Industry Analysis & Industry Trends
The Australian dream of home ownership is trending towards multi-unit apartments and townhouses, which offer inner-city lifestyles, suit smaller households and help avoid the high costs of residential land. Industry contractors construct housing structures that range from suburban flats to soaring CBD apartment towers, and from military barracks to designer retirement communities.
Industry revenue is projected to total $16.3 billion in 2013-14, up 7.9% on the previous year and representing strong annualised growth of 4.8% over the past five years. The industry has benefited from the long-term shift of investment towards the multi-unit apartment market and away from single-unit housing. The value of new multi-unit housing construction is expected to increase by an annualised 7.6%... purchase to read more
Industry Report - Industry Locations Chapter
The geographic distribution of industry activity does not uniformly correspond to that of the population distribution due to differences in topography, land values, demographic factors and consumer preferences. The preference for higher density dwellings is strongest in areas where land values are high, for example: inner-urban areas; tourist regions; and in areas where household size is lower (e.g. retirement areas).
The value of apartment construction in each state and territory fluctuates widely in response to local market conditions (vacancy rates) and the start-up and completion of large-scale projects. In the larger cities and on the Gold Coast, it is common for projects to exceed 250 units in the one development... purchase to read more