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 - 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. 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