Industry Analysis & Industry Trends
Real estate agents have not had much time to catch a breath over the past five years, largely due to trends in the residential property market. Despite turbulent economic conditions, housing prices rose, supported by government incentives at the beginning of the period and then fuelled by decreasing interest rates. This has been more than enough to offset pressures on sales commissions. In contrast, the commercial property market has been flat due to volatile business confidence and subdued economic conditions. Overall, industry revenue is forecast to increase at an annualised 2.0% over the five years through 2015-16, to reach $10.2 billion. In 2015-16, industry revenue is forecast to grow by 2.6%.
Competition within the industry remains fierce... purchase to read more
Industry Report - Industry Locations Chapter
The regional distribution of enterprises is largely a reflection of population demand pressures. The majority of real estate agent enterprises in Australia are located in the eastern states. Outside of New South Wales, Victoria and Queensland, the remaining states and territories account for less than 20.0% of total enterprises. This breakdown has remained relatively consistent over the past five years. A significant proportion of residential investment during the past decade has been allocated towards holiday home purchases and renting, which has increased residential demand in Queensland... purchase to read more