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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 | Apr 2014

Digital demand: The industry faces challenges from online property portals

The Real Estate Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 09-14
0.9%
Annual Growth 14-19
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Profit
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Employment
70,728
Businesses
35,872
Industry Analysis & Industry Trends

Over the past five years, the Real Estate Services industry has had to endure some property market uncertainty. Revenue is forecast to grow at an annualised 0.9% over the five years through 2013-14. This low growth is due to reduced demand for properties from investors, commercial businesses and home owners. Deteriorating economic conditions, rising debt levels and tighter access to finance have directly affected property investment.

The global financial crisis led to a significant fall in demand for all types of property. Some efforts were made to reinvigorate demand, primarily the progressive period of interest rate cuts from September 2008 to April 2009 and the introduction of the First Home Owner Boost, which was in place between October 2008 and December 2009... purchase to read more

Industry Report - Industry Investment Chapter

The level of capital investment required to operate a property unit varies depending on the size, location and sector the real estate agency operates in. By comparing the ratio of wages to depreciation, it is possible to determine the level of capital used for every one unit of labour and thus determine how much capital is used in production as opposed to labour. By analysing the industry's cost structure, IBISWorld estimates that for every dollar spent on capital, $23.20 is spent on labour, indicating that this industry has a high labour intensity and low capital intensity.

This is in line with the operation of real estate agencies, which include a high level of personal contact with clients and other parties (i.e. home owners, buyers and tenants)... 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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