Industry Analysis & Industry Trends
The Real Estate Agency Franchises industry has performed well over the past five years. Industry revenue has grown strongly following a sharp decline in 2010-11, when rising interest rates weakened property demand. Interest rates have plunged to a record low since then, boosting mortgage affordability and supporting demand for residential property. These factors have contributed to strong pricing growth in residential housing over the past five years. Rising property prices have enticed investors into the market, as the increased equity in existing properties has allowed many owners to purchase additional properties. Increased commercial property yields have also assisted industry revenue growth. Industry revenue is forecast to grow at an annualised 2.9%... purchase to read more
Industry Report - Industry Locations Chapter
The geographic spread of the industry is highly correlated with population, with the more populous areas tending to command more real estate services. Over 80% of the industry's businesses are located on the eastern seaboard, in Queensland, New South Wales and Victoria. This distribution has remained relatively unchanged over the past five years. However, increased interest in Queensland has caused an increase in business locations in the state. This interest stems from increased residential investment over the past decade, a result of increased holiday home purchases and renting.
Business movement also coincides with escalating property prices. When residential prices are high in certain states, industry operators tend to shift their franchising focus to that area... purchase to read more