Industry Analysis & Industry Trends
The Australian dream of home ownership is increasingly shifting to focus on multi-unit apartments and townhouses, which offer inner-city lifestyles, suit smaller households and avoid the high costs of residential land. The industry constructs buildings that range from suburban flats to military barracks and designer retirement communities.
The Multi-Unit Apartments and Townhouse industry has displayed an unprecedented level of activity since the late 2000s, with the number of multi-unit commencements climbing to a record peak at an estimated 95,195 dwelling units in 2014-15. Over the five years through 2015-16, industry revenue is projected to climb by an annualised 4.6%, to total $18.2 billion, despite contracting by 15.9%... purchase to read more
Industry Report - Industry Locations Chapter
The geographic distribution of industry activity does not uniformly correspond to that of population distribution due to differences in topography, land values, demographic factors and consumer preferences. The preference for higher density dwellings is strongest in areas where land values are high such as inner-urban areas and tourist regions, and in areas where household size is lower (e.g. retirement areas).
The value of apartment construction in each state and territory fluctuates widely in response to local market conditions (vacancy rates) and the start and completion dates of large-scale projects. In the larger cities and on the Gold Coast, it is common for projects to exceed 250 units in the one development... purchase to read more