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 BER program and low growth in commercial construction has led to subdued demand for industry services. However, the flow-on effects of an upswing in housing construction activity in the three years through 2014-15 (partly caused by record low interest rates) are anticipated to cause revenue growth of 1.6% in 2015-16. Revenue is estimated to rise by an annualised 0.6% over the five years through 2015-16, climbing to $6.5 billion... purchase to read more
Industry Report - Industry Products Chapter
The industry derives its revenue from providing professional design services on buildings and structures. Registered architects with recognised tertiary qualifications and state-based registration primarily provide these services.
The architectural design process is typically broken into stages for the purposes of billing and professional standards. The key services provided by the industry include preparing contract documentation, contract administration, schematic design, design development, architectural drafting and other related services. More complex stages that take a greater amount of time generally result in higher fees from that stage. Fees vary between firms and also depend on the type of project... purchase to read more