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 SWOT Analysis Chapter
This industry is in the growth phase of its life cycle. Over the long term, investment into multi-unit and higher density housing is capturing an increasing share of total housing construction market.
Despite wide cyclical fluctuations in investment and construction activity, this industry is expanding at a faster pace than the general economy. Industry value added is projected to grow by an annualised 5.3% over the 10 years through 2018-19, significantly exceeding the annualised pace of Australia's GDP growth at 2.5%.
Markets and customers
This industry has been positively influenced by changing trends in household size and changing preferences in dwelling location and design... purchase to read more