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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 | May 2013

Going once: Revenue will improve as property demand strengthens after the downturn

IBISWorld’s Real Estate Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 08-13
-1.6%
Annual Growth 13-18
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Profit
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Employment
71,083
Businesses
37,030
Industry Analysis & Industry Trends

Over the past five years, the Real Estate Services industry has had to endure some volatility. Revenue is expected to fall by 1.6% per annum over the period 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 advent of the global financial crisis led to a significant fall in demand for all types of property. Some efforts were made to reinvigorate demand, through a progressive period of interest rate cuts from September 2008 to April 2009 and the First Home Owner Grant, which was in place between October 2008 and December 2009... purchase to read more

Industry Report - Industry Key Buyers Chapter

IBISWorld estimates that the four largest operators will account for just over 15% of industry revenue, indicating a low market concentration. According to the ABS, businesses that make over $2.0 million only account for 4.8% of all businesses in the industry. The largest businesses have strongest presence in smaller markets, notably NT and ACT since they are competing with much smaller operations in these states. Rather, industry operators are predominantly self-employed and localised firms, although a number participate in national franchise systems. A significant proportion of national operators operate in the commercial and rural segments.

The market share of the largest four operators had been slowly increasing up to 2007-08... 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
Residential salesNon-residential salesResidential property managementNon-residential property managementResidential leasingNon-residential leasing
 
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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