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 | Mar 2016

A home of one's own: Strong residential housing demand has driven revenue growth

IBISWorld’s Real Estate Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
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Industry Analysis & Industry Trends

Real estate agents have reaped the benefits of a booming residential property market over the past five years. Despite turbulent economic conditions, housing prices have grown strongly, supported by government incentives at the beginning of the period and then fuelled by decreasing interest rates. 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 3.4% over the five years through 2015-16, to reach $14.0 billion. In 2015-16, industry revenue is projected to grow by 3.6%, due to forecast residential property price growth, which will improve agent earnings per property sold.

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

Industry Report - Industry Investment Chapter

The Real Estate Services industry has a low level of capital intensity. For every dollar spent on capital, the average real estate operator spends an estimated $10.24 is spent on labour. The industry is labour-intensive and relies on human capital for provision of its services. Commissions also play a big role in incentivising employee performance, which further reduces capital intensity. Computer software systems do make administrative tasks easier, but their overall cost is insignificant compared to total wages. Capital intensity is expected to decrease over the five years through 2015-16, but only marginally... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Real Estate Services Industry?

Industry operators are primarily engaged in valuing, purchasing, selling (by auction or private treaty), managing or renting 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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