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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 | May 2014

Turf wars: The multi-unit market has expanded at the expense of single-unit housing

IBISWorld’s Multi-Unit Apartment and Townhouse Construction market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 09-14
4.8%
Annual Growth 14-19
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Profit
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Employment
21,000
Businesses
12,750
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 $15.7 billion in 2013-14, unchanged from the previous year. Over the past five years the industry has shown strong annualised growth of 4.8%. The industry has benefited from the long-term shift of investment towards the multi-unit apartment market and away from single-unit housing. The value of new multi-unit housing construction is expected to increase by an annualised 5.0%... purchase to read more

Industry Report - Starting a New Business Chapter

The principal barrier to entry for new competitors in the industry is the requirement for contractors to be registered and licensed to practice. States and territories require builders to register with recognised industry associations (such as the Housing Industry Association or Master Builders Australia) in order to verify their competency and allow them to obtain insurance for construction projects. New entrants not holding industry association accreditation will find it increasingly difficult to obtain warranty insurance and hence compete for contracts in this market.

Existing firms have the distinct advantage of already having a pool of skilled subcontractors, arrangements with material suppliers and arrangements with financial institutions and real estate agents... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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

The 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 such 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 region apartment 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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