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 Analysis Chapter
The Multi-Unit Apartment and Townhouse Construction industry has shown record levels of activity in recent years, driven by demand from Australia's rapidly expanding population, and the notable shift in housing preferences towards high-density living. Huge multistorey apartment towers have sprung up in each of the capital cities over the past five years.
The industry generates the bulk of its revenue in the new multi-unit residential building market, and its performance closely matches investment trends in this market... purchase to read more