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 - Starting a New Business Chapter
The principal barrier to the entry of new competitors into this industry is the requirement for contractors to be registered and licensed to practice. States and Territories require builders to register with recognised industry associations (such as the Housing Industry Association or the Master Builders Association) in order to verify competency and obtain insurance for construction projects. New entrants no holding industry association accreditation will find it increasingly difficult to obtain warranty insurance and hence compete for contracts in this market... purchase to read more