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 SWOT Analysis Chapter
The Real Estate Agency Franchises industry is in the mature stage of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the economy, is forecast to grow at an annualised 2.8% over the 10 years through 2020-21. This is in line with the economy, with GDP forecast to grow at the same rate over the period. Consequently, the industry's economic contribution is quite stable.
Real estate agency franchises are expected to endure reduced profitability over the five years through 2015-16, due to strong competition from online real estate services. The increasing prevalence of online real estate listing grants independent real estate agents greater exposure... purchase to read more