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 $19.0 billion in 2014-15. This represents growth of 6.4% on the previous year and accelerated growth at an annualised 9.2% over the five years through 2014-15. This rapid pace of industry expansion has been underpinned by the long-term shift of housing investment away from single-unit housing towards the multi-unit housing market... purchase to read more
Industry Report - Industry Key Buyers Chapter
Despite the existence of several very large-scale firms, the industry has a low concentration of ownership. The four largest firms account for less than 20.0% of annual industry revenue. The market share held by these firms is estimated to be gradually increasing over time as the focus of industry activity swings across to very large-scale developments, often including equity involvement, which can only be accessed by the very large players.
Contrary to the traditional housing construction industry, a relatively high proportion of industry activity is undertaken by medium to large-scale operators, such as Brookfield Multiplex (BHCA), Meriton Apartments, Hickory Group and Lend Lease Group... purchase to read more