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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 | Jan 2014

Trendy living: Revenue up as home ownership trends towards inner-city apartments

IBISWorld’s Multi-Unit Apartment and Townhouse Construction market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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
13,000
Industry Analysis & Industry Trends

The Australian dream of home ownership is trending towards multi-unit apartments and townhouses, which offer inner-city lifestyles, suit smaller households and help avoid the high costs of residential land. Industry contractors construct housing structures that range from suburban flats to soaring CBD apartment towers, and from military barracks to designer retirement communities.

Industry revenue is projected to total $16.3 billion in 2013-14, up 7.9% on the previous year and representing strong annualised growth of 4.8% over the past five years. 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 7.6%... purchase to read more

Industry Report - Industry Locations Chapter

The geographic distribution of industry activity does not uniformly correspond to that of the population distribution due to differences in topography, land values, demographic factors and consumer preferences. The preference for higher density dwellings is strongest in areas where land values are high, for example: inner-urban areas; tourist regions; and in areas where household size is lower (e.g. retirement areas).

The value of apartment construction in each state and territory fluctuates widely in response to local market conditions (vacancy rates) and the start-up and completion of large-scale projects. In the larger cities and on the Gold Coast, it is common for projects to exceed 250 units in the one development... 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) and excludes commercial or public buildings such as factories, office building, hostels, hotels and hospitals. The industry also includes establishments engaged in carrying out alterations, additions or general renovation or repairs to such buildings, or in organising or managing their 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 buildings
 
Industry Activities
Apartment building constructionDuplex houses constructionFlats constructionHigh-rise flats constructionHome unit constructionProject management of multi-unit apartment and townhouse constructionRepair or renovation of residential buildingsSemi-detached housing construction


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