Industry Analysis & Industry Trends
The Architectural Services industry has endured a tough five years due to fluctuations in downstream building construction markets and rising competition. Over the past five years, the winding back of the Federal Government’s Building the Education Revolution (BER) program and low growth in commercial construction has led to subdued demand for industry services. However, an upswing in housing construction activity in the three years through 2014-15 (partly caused by record low interest rates) is anticipated to contribute to revenue growth of 1.0% in 2015-16. Revenue is estimated to rise by an annualised 0.2% over the five years through 2015-16, climbing to $7.7 billion... purchase to read more
Industry Report - Industry Locations Chapter
The geographic spread of industry activity generally corresponds with population distribution, economic activity and construction activity across the states and territories. As a result, industry enterprises are heavily concentrated in Australia's eastern states, with New South Wales and Victoria accounting for approximately 62% of industry enterprises. All major architectural service firms are located in or close to CBD locations, near the headquarters of large clients, such as commercial building contractors and government departments.
New South Wales accounts for 32.0% of industry enterprises, in line with the state's share of Australia's population... purchase to read more