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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 | Jan 2014

Digital demand: The industry faces challenges from online property portals

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
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 09-14
0.9%
Annual Growth 14-19
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Profit
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Employment
70,728
Businesses
35,872
Industry Analysis & Industry Trends

Over the past five years, the Real Estate Services industry has had to endure some property market uncertainty. Revenue is forecast to grow at an annualised 0.9% over the five years through 2013-14. This low growth is due to reduced demand for properties from investors, commercial businesses and home owners. Deteriorating economic conditions, rising debt levels and tighter access to finance have directly affected property investment.

The global financial crisis led to a significant fall in demand for all types of property. Some efforts were made to reinvigorate demand, primarily the progressive period of interest rate cuts from September 2008 to April 2009 and the First Home Owner Boost, which was in place between October 2008 and December 2009... purchase to read more

Industry Report - Industry Locations Chapter

The vast majority of real estate agent establishments in Australia are located in the eastern states. Outside of New South Wales, Victoria and Queensland, the remaining states and territories less than 20% of total enterprises. This breakdown has remained relatively consistent over the past five years.

The regional distribution of establishments is largely a reflection of population demand pressures. Future establishment growth will largely follow regional population movements and commercial growth areas, which dictate commercial real estate demand.

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

 


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 leasing
 
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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