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Real Estate Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Real Estate Services Market Research Report | ANZSIC L6720 | Oct 2014

High rise: Growth in high-density housing will drive industry expansion

IBISWorld’s Real Estate Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 10-15
1.2%
Annual Growth 15-20
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Profit
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Employment
73,216
Businesses
39,280
Industry Analysis & Industry Trends

Real estate agents have not had much time to catch a breath over the past five years, as the residential property market performed exceptionally well. 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. The commercial property market has been more flat. This has been caused by volatile business confidence and subdued economic conditions. Overall, industry revenue is forecast to increase at an annualised 1.2% over the five years through 2014-15, to reach $10.7 billion. In 2014-15, industry revenue is forecast to grow by 2.7%.

Competition remains fierce within the industry... purchase to read more

Industry Report - Industry Analysis Chapter

Real estate agencies have been working hard over the past five years. A mix of factors has made for a dynamic environment, where change has been necessary in order to stay afloat. Rising activity in the residential market, subdued activity in the commercial real estate market, pressure on commission rates and the growing importance of property management to the revenue stream were just some such factors. Overall, the past five years have been more positive for the industry than negative. Industry revenue is forecast to grow at an annualised 1.2% to reach $10.7 billion in 2014-15. Declining interest rates over the past five years and various government incentives to boost demand for residential housing have been the prime reasons for revenue growth... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Real Estate Services Industry?

Industry operators value, purchase, sell (by auction or private treaty), manage or rent real estate properties.

Industry Products
Property salesProperty managementProperty leasingOther services
 
Industry Activities
Conveyancing (other than by qualified legal practitioners)Real estate agency, auctioning, body corporate management and brokeringReal estate managementReal estate title transfers (other than by qualified legal practitioners)Timeshare apartment managingTitle searchingValuing of real estate


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