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