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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 | Oct 2014

High rise: Growth in high-density housing will drive industry expansion

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
$11bn
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 performed exceptionally well. 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. The commercial property market has been more flat. This has been caused by 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 $10.7 billion. In 2014-15, industry revenue is forecast to grow by 2.7%.

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

Industry Report - Industry SWOT Analysis Chapter

Real estate services industry is in the mature stage of its life cycle. Over the 10-year period through 2019-20, industry value added is forecast to increase at an annualised 0.3%. This is lower than forecast annualised GDP growth of 2.7% over the same period.

In the long term, industry growth is closely aligned with overall economic, social and demographic trends. The cost and availability of housing credit for both owner-occupiers and investors affects industry growth. Industry activity is mainly influenced by economic activity, access to debt funding and interest rates. Underlying demand is influenced by household formation and population 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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