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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 | May 2015

Changing focus: Industry turns to property management as demand for rental properties grows

IBISWorld’s Real Estate Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$10bn
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 continued to perform. 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 1.2% over the five years through 2014-15, to reach $9.9 billion. In 2014-15, industry revenue is forecast to grow by 3.0%.

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

Industry Report - Industry Analysis Chapter

Real estate agencies have been working hard over the past five years. Numerous factors have made for a dynamic environment where change has been necessary 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 have all been key factors. Overall, the past five years have been more positive than negative for the industry. Revenue is forecast to grow at an annualised 1.2% to reach $9.9 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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