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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 | Aug 2016

Standing tall: Surging high-rise apartment construction has driven industry growth

IBISWorld’s Multi-Unit Apartment and Townhouse Construction market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$17bn
Annual Growth 12-17
3.8%
Annual Growth 17-22
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Profit
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Employment
22,700
Businesses
14,780
Industry Analysis & Industry Trends

For many Australians, the dream of home ownership is shifting from the idea of a detached home in the suburbs, to inner-city multi-unit apartments and townhouses, which suit smaller households, offer an urban lifestyle and help owner's avoid the high costs of residential land. The Multi-Unit Apartment and Townhouse Construction industry constructs a range of residential buildings ranging from suburban flats to military barracks and designer retirement communities.

The industry has displayed an unprecedented level of activity since the late 2000s. Multi-unit residential commencements are projected to climb by an annualised 6.8% over the five years through 2016-17, despite numbers collapsing during the current year. Industry revenue is projected to increase by an annualised 3.8%... purchase to read more

Industry Report - Industry Investment Chapter

The main services provided by the industry are project management and trade skills, neither of which have a high capital component. However, project management and design services increasingly use computers, and apartment construction projects often require large-scale lifting and pumping machinery.

The industry has a low level of fixed asset investment, as capital equipment tends to be of a fairly rudimentary nature (ladders, powered and unpowered tools, lifting and scaffolding equipment and motor vehicles). Large-scale multistorey developments require more complex lifting and pumping equipment and high-rise cranes, but these can be leased on a casual basis. Industry operators can also subcontract work to specialist construction tradespeople... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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

The Multi-Unit Apartment and Townhouse Construction industry primarily constructs 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 performs alterations, additions, general renovation or repairs to multi-unit apartment buildings, and includes firms that organise or manage multi-unit apartment construction.

Industry Products
Inner-city multistorey apartment complexesInner-city villas and townhousesSuburban and rural apartment blocks or unitsTourist or retirement unitsRefurbishment or conversion of existing buildingsRepair and maintenance of existing buildings
 
Industry Activities
Multi-unit 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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