Overview

Housing boom: Higher house prices have supported industry revenue growth

The Real Estate Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$14bn
Annual Growth
2012 - 2017
4.2%
Annual Growth
2017 - 2022
Profit
Employment
110,132
Business
38,439

Industry Analysis & Industry Trends

Operators in the Real Estate Services industry have reaped the benefits of a booming residential property market over the past five years. Despite turbulent economic conditions, housing prices have grown strongly, supported by government incentives at the beginning of the period and then fuelled by decreasing interest rates. In contrast, the commercial property market has performed modestly due to volatile business confidence and subdued economic conditions. Industry revenue is expected to increase at an annualised 4.2% over the five years through 2016-17, to reach $14.3 billion. Industry revenue is expected to contract by 0.2% in 2016-17, with an anticipated reduction in housing transfers likely to decrease industry activity and earnings.

Industry competition remains fierce...

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Industry Report - Starting a New Business Chapter

The industry has low barriers to entry. Initial capital outlays are low and there is no need to hire staff for a small business. The largest barrier to entry is lack of reputation and presence. There is significant competition in the industry, and it is imperative to develop a referral base and centres of influence to build a critical mass of customers and sales.

Geographical boundaries may also represent a barrier to entry. Prospective buyers of properties tend to concentrate their search within a localised area. Established firms can have expertise within defined areas. A small number of firms generally cater for these local markets, which can be difficult for a new entrant to penetrate.

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Industry Products

What is the Real Estate Services Industry?

Industry operators are primarily engaged in valuing, purchasing, selling (by auction or private treaty), managing or renting residential property, commercial property, or a combination of the two.

Industry Products
Property sales
Property management
Property leasing
Other services
Industry Activities
Conveyancing (other than by qualified legal practitioners)
Real estate agency, auctioning, body corporate management and brokering
Real estate management
Real estate title transfers (other than by qualified legal practitioners)
Timeshare apartment managing
Title searching
Valuing of real estate

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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