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 Key Buyers Chapter
Despite the existence of several large-scale firms, the industry has a low concentration of ownership. The four largest firms account for an estimated 17.1% of industry revenue in 2015-16. The market share held by these firms is expected to increase over time as the focus of industry activity shifts to large-scale developments, often including equity involvement, which can only be accessed by the 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 LendLease Group. These enterprises principally operate in the non-residential building and engineering construction sectors... purchase to read more