Industry Analysis & Industry Trends
Over the past five years, the Real Estate Services industry has had to endure some volatility. Revenue is expected to fall by 1.6% per annum over the period 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 advent of the global financial crisis led to a significant fall in demand for all types of property. Some efforts were made to reinvigorate demand, through a progressive period of interest rate cuts from September 2008 to April 2009 and the First Home Owner Grant, which was in place between October 2008 and December 2009... purchase to read more
Industry Report - Industry Key Buyers Chapter
IBISWorld estimates that the four largest operators will account for just over 15% of industry revenue, indicating a low market concentration. According to the ABS, businesses that make over $2.0 million only account for 4.8% of all businesses in the industry. The largest businesses have strongest presence in smaller markets, notably NT and ACT since they are competing with much smaller operations in these states. Rather, industry operators are predominantly self-employed and localised firms, although a number participate in national franchise systems. A significant proportion of national operators operate in the commercial and rural segments.
The market share of the largest four operators had been slowly increasing up to 2007-08... purchase to read more