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. Operators in the Multi-Unit Apartment and Townhouse Construction industry construct buildings that range from suburban flats to military barracks and designer retirement communities.
The industry is projected to generate revenue of $17.7 billion in 2014-15. This represents a minor decline by 0.8% on the previous year associated with major project completions, but also represents accelerated growth by an annualised 7.7% over the five years through 2014-15... 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 4.8% 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