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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 2014

Deferred dreams: Property management booms due to higher demand for housing rental

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
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
35,229
Industry Analysis & Industry Trends

Real estate agents did not have much time to catch a breath over the past five years, as the residential property market performed exceptionally well. Supported by government incentives at the beginning of the period and then fuelled by decreasing interest rates, housing prices rose, despite turbulent economic conditions. This was more than enough to offset pressures on sales commissions. The commercial property market was more flat. This was 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%.

Within the industry, competition remains fierce... purchase to read more

Industry Report - Starting a New Business Chapter

The industry has low barriers to entry. Initial capital outlays are low and there is no need to hire staff for a small business. The largest barrier to entry is lack of reputation and presence. There is significant competition in the industry, and it is imperative to develop a referral base and centres of influence in order to build a critical mass of customers and sales.

Geographical boundaries may also represent a barrier to entry. Prospective buyers of properties tend to concentrate their search within a localised area. Established firms can have expertise within defined areas. These local markets are generally catered for by a small number of firms and it can be difficult for a new entrant to penetrate... 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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