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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 | Apr 2016

On the rise: Changing preference for high-density living boosts industry demand

IBISWorld’s Multi-Unit Apartment and Townhouse Construction market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 11-16
7.5%
Annual Growth 16-21
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Profit
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Employment
25,250
Businesses
16,950
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 Analysis Chapter

The Multi-Unit Apartment and Townhouse Construction industry has shown record activity in recent years. Demand has been driven by Australia’s strong population growth, a shift in housing preferences towards high-density living and the inflow of foreign investment in the local property market. Much of the focus of industry activity over the past five years has been on the huge multistorey apartment towers that have sprung up in the major capitals. Recent large-scale apartment developments have included the Abode318 complex by Probuild Constructions in Melbourne, the Metro Residences by Hutchinson Builders in Sydney, Mirvac’s Harold Park urban renewal project also in Sydney, and Meriton’s Infinity Tower in Brisbane... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Multi-Unit Apartment and Townhouse Construction Industry?

The Multi-Unit Apartment and Townhouse Construction 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 multi-unit apartment 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 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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