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