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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 | Jan 2015

Near completion: Revenue to contract in the short term due to market saturation

IBISWorld’s Multi-Unit Apartment and Townhouse Construction market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$18bn
Annual Growth 10-15
7.7%
Annual Growth 15-20
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Profit
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Employment
23,000
Businesses
11,800
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

 


Industry ProductsRelated ReportsTable of Contents

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

The 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 such 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 region apartment 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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