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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 | May 2014

Turf wars: The multi-unit market has expanded at the expense of single-unit housing

IBISWorld’s Multi-Unit Apartment and Townhouse Construction market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 09-14
4.8%
Annual Growth 14-19
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Profit
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Employment
21,000
Businesses
12,750
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. Industry operators construct buildings that range from suburban flats to military barracks to designer retirement communities.

Industry revenue is projected to total $15.7 billion in 2013-14, unchanged from the previous year. Over the past five years the industry has shown strong annualised growth of 4.8%. 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 5.0%... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The industry is in the growth phase of its life cycle. Over the long term, increased investment into multi-unit and higher density housing has resulted in the industry capturing an increasing share of the total housing construction market.

Despite wide cyclical fluctuations in investment and construction activity, the industry is expanding at a faster pace than the general economy. Industry value added is projected to grow by an annualised 3.5% over the 10 years through 2018-19, significantly exceeding the pace of Australia's GDP growth of an annualised 2.6%.

Markets and customers

The industry has been positively influenced by changing trends in household size and changing preferences in dwelling location and design... 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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