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 Products Chapter
Over the past five years, the two broader service segments (property sales and property rentals) have grown in opposite directions. In both residential and non-residential markets, property sales have declined, whereas rentals in both categories have either grown or declined only marginally.
By far the largest service segment for the Real Estate Agency Franchises industry is residential sales. This segment has fallen slightly as a share of industry revenue over the past five years. Operators have faced volatile demand stemming from residential sales. The onset of the global financial crisis caused markets around the globe to falter... purchase to read more