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 Key Buyers Chapter
Despite the existence of several very large-scale firms, the industry has a low concentration of ownership. The four largest firms account for less than 20.0% of annual industry revenue. The market share held by these firms is estimated to be gradually increasing over time as the focus of industry activity swings across to very large-scale developments, often including equity involvement, which can only be accessed by the very large players.
Contrary to the traditional housing construction industry, a relatively high proportion of industry activity is undertaken by medium to large-scale operators, such as Brookfield Multiplex (BHCA), Meriton Apartments, Hickory Group and Lend Lease Group... purchase to read more