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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 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 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 Analysis Chapter

Real estate agencies have been working hard over the past five years. Rising activity in the residential market has contrasted with subdued activity in the commercial real estate market. Overall, the past five years have been more positive than negative for the industry. Revenue is expected to grow at an annualised 3.4% over the five years through 2016-17, to $13.8 billion. Declining interest rates over the past five years and various government incentives to boost demand for residential housing have been the prime drivers of revenue growth. The trend of baby boomers downsizing has benefited the sales and property management segments within the industry.

Residential property prices have grown strongly over the past five years... 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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