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 SWOT Analysis Chapter
The industry is in the growth phase of its life cycle. Over the long term, increased investment into multi-unit and higher density housing has resulted in the industry capturing an increasing share of the total housing construction market.
Despite wide cyclical fluctuations in investment and construction activity, the industry is expanding at a faster pace than the general economy. Industry value added is projected to grow by an annualised 4.7% over the 10 years through 2019-20, significantly exceeding the pace of Australia's GDP growth of an annualised 2.7%.
Markets and customers
The industry has been positively influenced by changing trends in household size and changing preferences in dwelling location and design... purchase to read more