Overview

The bigger they are: Current year revenue set to collapse after project completions

IBISWorld’s Multi-Unit Apartment and Townhouse Construction market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Escalating land and house prices are expected to drive demand for lower cost housing
  • Low interest rates and population growth have supported investment in apartments and townhouses
  • Vacancy rates are expected to fall due to population growth and low interest rates

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    Industry Analysis & Industry Trends

    For many Australians, the dream of home ownership is shifting from the idea of a detached home in the suburbs to inner-city multi-unit apartments and townhouses. Such apartments and townhouses suit smaller households, offer an urban lifestyle and help owners avoid the high costs of residential land. The Multi-Unit Apartment and Townhouse Construction industry constructs a range of residential buildings, including suburban flats, military barracks and designer retirement communities. The industry is largely made up of small- to medium-scale contracting firms. There are also several large-scale contractors such as LendLease, which are capable of working on high-profile apartment developments like the new Barangaroo development in Sydney...

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    Industry Report - Industry Products Chapter

    The principal service provided by the industry is the construction of multi-unit apartment complexes, townhouses and retirement homes. Many different types of buildings are constructed by the industry, from low-cost aged-care hostels through to multistorey condominiums. The bulk of industry activity can be grouped into four categories: inner-city multistorey apartment complexes (sometimes involving mixed-use buildings), suburban and rural apartment blocks or units, inner-city villas and townhouses, and tourist or retirement units.

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    Additional Insights for the Multi-Unit Apartment and Townhouse Construction Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Multi-Unit Apartment and Townhouse Construction Industry are

  • Development of a symbiotic relationship with another industry
  • Ability to compete on tender
  • Ability to expand and curtail operations rapidly in line with market demand
  • IBISWorld analysts also discuss how external factors such as Mortgage affordability and Number of households in the Multi-Unit Apartment and Townhouse Construction industry impact industry performance..

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    Industry Products

    What is the Multi-Unit Apartment and Townhouse Construction Industry?

    Industry firms primarily construct multi-unit apartments and townhouses, such as flats, apartments and condominiums. The industry excludes construction of commercial or public buildings such as factories, office buildings, hostels, hotels and hospitals. The industry also performs alterations, additions, general renovations and repairs to multi-unit apartment buildings, and includes firms that organise or manage multi-unit apartment construction.

    Industry Products
    Inner-city multistorey apartment complexes
    Inner-city villas and townhouses
    Suburban and rural apartment blocks or units
    Tourist or retirement units
    Refurbishment or conversion of existing buildings
    Repair and maintenance of existing buildings
    Industry Activities
    Multi-unit apartment building construction
    Duplex house construction
    Flat construction
    High-rise flat construction
    Home unit construction
    Project management of multi-unit apartment and townhouse construction
    Repair or renovation of residential buildings
    Semi-detached housing construction

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Mortgage affordability
  • Number of households
  • Residential housing loan rates
  • Dwelling commencements
  • Net migration

  • Current Performance
  • Profit surge
  • Changing housing preferences
  • Market characteristics
  • Households and property yields
  • Chart: Revenue Growth

  • Industry Outlook
  • Short-term slump in demand
  • Foreign firms
  • Lifestyle developments
  • Profit margins
  • Table: Multi-Unit Apartment and Townhouse Construction Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Multi-Unit Apartment and Townhouse Construction Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Residential Property Operators
  • Defence
  • Public Administration and Safety
  • Accommodation for the Aged
  • Crisis and Care Accommodation

  • Key Selling Industries
  • Advertising Services
  • Construction
  • Hardware Wholesaling
  • Machinery and Scaffolding Rental
  • Professional Services

  • Products & Services
  • Inner-city multistorey apartment complexes
  • Suburban and rural apartment blocks or units
  • Inner-city villas and townhouses
  • Refurbishment or conversion of existing buildings
  • Repair and maintenance of existing buildings
  • Tourist or retirement units
  • Chart: Multi-Unit Apartment and Townhouse Construction Industry Products and Services Segmentation

  • Demand Determinants
  • Short-term demand determinants
  • Long-term underlying demand

  • Major Markets
  • Real estate investment trusts
  • Owners and small developers
  • Other markets
  • Chart: Major Market Segmentation for the Multi-Unit Apartment and Townhouse Construction Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Subcontractor and professional costs
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Multi-Unit Apartment and Townhouse Construction

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Multi-Unit Apartment and Townhouse Construction Industry

  • Industry Globalization
    Major Companies
    Meriton Apartments Pty LtdBHCA Pty LimitedLendLease GroupHickory Group Pty LtdMirvac Group
  • Table: Meriton Apartments Pty Ltd - financial performance
  • Table: BHCA Pty Limited - financial performance
  • Table: LendLease Group - financial performance
  • Table: Hickory Group Pty Ltd - financial performance
  • Table: Mirvac Group - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Multi-Unit Apartment and Townhouse Construction Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Multi-Unit Apartment and Townhouse Construction Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Apartment commencements (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Commencements
  • The start of a dwelling unit construction project. Commencement follows final approval by the local government authority.
  • First Home Owner Grant
  • A Federal Government grant payable to first home buyers, initially introduced in 2000 to offset the influence of the GST on house prices.
  • National Rental Affordability Scheme
  • A Federal Government initiative that offers developers long-term tax offsets in the construction of new rental housing, on the condition that rent remains 20.0% below the market rate.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Multi-Unit Apartment and Townhouse Construction:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Multi-Unit Apartment and Townhouse Construction market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Multi-Unit Apartment and Townhouse Construction, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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