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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

The Multi-Unit Apartment and Townhouse Construction market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Products Chapter

The principal service provided by the industry is the construction of dwellings including multi-unit apartment complexes, townhouses and retirement homes. The bulk of industry revenue is derived from work on new building construction. The balance is generated from the conversion or renovation of existing buildings, and repair and maintenance work on residential buildings.

An industry player may operate as a prime contractor, overseeing the complete construction of a new project from design through to lock-up stage; as a joint-venture developer; as a prime contractor on alterations to an existing building; or as a 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 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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