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 First Home Owner Boost, which was in place between October 2008 and December 2009... purchase to read more
Industry Report - Industry Locations Chapter
The vast majority of real estate agent establishments in Australia are located in the eastern states. Outside of New South Wales, Victoria and Queensland, the remaining states and territories less than 20% of total enterprises. This breakdown has remained relatively consistent over the past five years.
The regional distribution of establishments is largely a reflection of population demand pressures. Future establishment growth will largely follow regional population movements and commercial growth areas, which dictate commercial real estate demand.
A significant proportion of residential investment during the past decade has been allocated towards holiday home purchases and renting, which has increased residential demand in Queensland... purchase to read more