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 $18.0 billion in 2014-15, up by just 1.3% on the previous year, but representing growth by an annualised 8.1% over the past five years. This accelerated pace of expansion has been underpinned by the long-term shift of housing investment away from single-unit housing and towards the multi-unit apartment market. The value of new multi-unit housing construction is projected to increase by an annualised 8.4%... 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 (77.4% according to the 2011-12 ABS survey of the Private Sector Construction Industry), with the balance generated from the conversion or renovation of existing buildings, or 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