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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 2015

Higher density: Industry revenue is growing due to a shift towards inner-city living

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
$19bn
Annual Growth 10-15
9.2%
Annual Growth 15-20
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Profit
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Employment
23,500
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 $19.0 billion in 2014-15. This represents growth of 6.4% on the previous year and accelerated growth at an annualised 9.2% over the five years through 2014-15. This rapid pace of industry expansion has been underpinned by the long-term shift of housing investment away from single-unit housing towards the multi-unit housing market... purchase to read more

Industry Report - Starting a New Business Chapter

The principal barrier to entry for new competitors in the industry is the requirement for contractors to be registered and licensed to practice. States and territories require builders to register with recognised industry associations (such as the Housing Industry Association or Master Builders Australia) in order to verify their competency and allow them to obtain insurance for construction projects. New entrants not holding industry association accreditation will find it increasingly difficult to obtain warranty insurance and hence compete for contracts in this market.

Existing firms have the distinct advantage of already having a pool of skilled subcontractors, arrangements with material suppliers and arrangements with financial institutions and real estate agents... 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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