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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 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 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 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 forecast to grow at an annualised 3.4% over the five years through 2015-16, to reach $14.0 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. According to the ABS, the number of new house finance commitments increased from 210,095 in 2010-11 to an estimated 619,000 in 2014-15 (latest data available)... 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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