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 Products Chapter
The industry provides a range of services regarding residential and commercial real estate. Real estate agents have lost market share in the prime commercial and retail property segments. Large fund managers control a significant proportion of the prime office and industrial property markets and the shopping centre market. Fund managers and other financial institutions can arrange direct deals, putting attractive financial structures in place for investors (e.g. trusts and syndication). Property trusts allow investors to obtain an exposure to property without purchasing real property. New financial derivative products can also provide investors with an exposure to property risks and returns.
Property sales can be conducted by private treaty or auction... purchase to read more