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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 | Jul 2016

Safe as houses: Strong residential housing demand has driven revenue growth

IBISWorld’s Real Estate Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 12-17
3.4%
Annual Growth 17-22
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Profit
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Employment
146,843
Businesses
38,439
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 performed modestly due to volatile business confidence and subdued economic conditions. Industry revenue is forecast to increase at an annualised 3.4% over the five years through 2016-17, to reach $13.8 billion. Industry revenue is expected to contract by 2.4% in 2016-17, with an anticipated slump in residential housing prices and reduced housing transfers likely to decrease industry activity and earnings... 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, the average real estate operator spends an estimated $11.60 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 with total wages. Capital intensity is expected to remain steady over the five years through 2016-17... 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 residential property, commercial property, or a combination of the two.

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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