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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 | Mar 2016

A home of one's own: Strong residential housing demand has driven revenue growth

IBISWorld’s Real Estate Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 11-16
3.4%
Annual Growth 16-21
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Profit
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Employment
92,344
Businesses
36,429
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 SWOT Analysis Chapter

Real estate services industry is in the mature stage of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the wider economy, is forecast to grow at an annualised 0.6% over the 10 years through 2020-21. This is an underperformance relative to the wider economy, with GDP projected to grow at an annualised 2.6% over the same period. However, the Real Estate Services industry's IVA remains positive, indicating the industry is contracting as a share of the economy, but continues to grow in revenue terms.

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... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Real Estate Services Industry?

Industry operators are primarily engaged in valuing, purchasing, selling (by auction or private treaty), managing or renting 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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