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Multi-Unit Apartment and Townhouse Construction in Australia: Market Research Report

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

Multi-Unit Apartment and Townhouse Construction Market Research Report | ANZSIC E3019 | Apr 2016

On the rise: Changing preference for high-density living boosts industry demand

IBISWorld’s Multi-Unit Apartment and Townhouse Construction market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 11-16
7.5%
Annual Growth 16-21
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Profit
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Employment
25,250
Businesses
16,950
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 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 LendLease Group. These enterprises principally operate in the non-residential building and engineering construction sectors... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Multi-Unit Apartment and Townhouse Construction Industry?

The Multi-Unit Apartment and Townhouse Construction industry consists of establishments that construct multi-unit apartments and townhouses such as flats, apartments and condominiums. The industry excludes construction of commercial or public buildings such as factories, office buildings, hostels, hotels and hospitals. The industry also includes establishments that make alterations, additions, general renovation or repairs to multi-unit apartment buildings, or those that organise or manage multi-unit construction.

Industry Products
Inner-city multistorey apartment complexesInner-city villas and townhousesSuburban and rural apartment blocks or unitsTourist or retirement unitsRefurbishment or conversion of existing buildingsRepair and maintenance of existing buildings
 
Industry Activities
Apartment building constructionDuplex house constructionFlat constructionHigh-rise flat constructionHome unit constructionProject management of multi-unit apartment and townhouse constructionRepair or renovation of residential buildingsSemi-detached housing construction


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