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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 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
$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 Investment Chapter

The Real Estate Services industry has a low level of capital intensity. For every dollar spent on capital, a further $23.82 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 increase over the five years through 2014-15, but only marginally... 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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