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 Locations Chapter
The regional distribution of enterprises is largely a reflection of population demand pressures. The majority of real estate agent enterprises in Australia are located in the eastern states. Outside of New South Wales, Victoria and Queensland, the remaining states and territories account for less than 20.0% of total enterprises. This breakdown has remained relatively consistent over the past five years. 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