Industry Analysis & Industry Trends
Over the past five years, the Real Estate Agency Franchises industry has face a turbulent period. Just after the industry bounced back strongly from the global financial crisis, revenue fell sharply, as interest rates normalised and confidence fell. Consumers focused on paying down debt rather than increasing it, resulting in weak growth of dwelling commencements and a fall in housing prices. In response, interest rates were cut to a record low, and house prices and housing transfer numbers increased accordingly. The industry has benefited from these factors, with a period of strong revenue growth. As a result, industry revenue is expected to rise at an annual rate of 1.8% over the five years through 2014-15. In 2014-15, revenue is forecast to rise by 3.3% to $5.7 billion... purchase to read more
Industry Report - Industry Analysis Chapter
Real estate agency franchises have had a turbulent past five years. After bouncing back strongly in 2009-10 following the global financial crisis, the industry declined sharply in 2010-11. Rising interest rates diminished consumer appetite for real estate, and performance suffered in line with the broader Real Estate Services industry. Since then, the industry has grown strongly, as interest rates have dropped to record lows, income has increased, and foreign appetite for Australian property has swelled. Industry revenue is expected to rise at an annualised 1.8% over the five years through 2014-15, to reach $5.7 billion.
Growing numbers of housing transfers have supported demand for real estate agency franchises... purchase to read more