Royal pain: The Financial Services Royal Commission has limited revenue growth

Residential property operators play an important role in society, and are expected to provide nearly 2.9 million rental households to the Australian population in 2019. Although becoming a homeowner is a priority for many Australians, historic record-high housing prices have made it harder for consumers to save a deposit, and have made home ownership an unattainable objective for many. This trend has supported solid demand for rental properties and benefited the Residential Property Operators industry over the past five years. Although housing prices have begun to decline in the current year, the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has caused banks to tighten credit regulations...read more.

Industry Statistics & Market Size
Revenue
$47bn
Annual Growth 14-19
1.7%
Forecast Growth 19-24
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Profit
x.x%lock
Employment
7,460
Businesses
51,457
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • High housing prices have boosted the number of renters, supporting industry revenue growth
  • First-home buyers have fallen as a share of total financing of residential property
  • Rising disposable incomes are forecast to allow more Australians to buy rather than rent

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    Industry Report - Industry Products Chapter

    Private landlords are the main providers of rental dwellings, although state or territory housing authorities also offer rental accommodation. In rental income terms, housing authorities earn considerably less per property than private landlords. As a result, these authorities make up a small proportion of overall industry revenue. Residential property consists of detached houses, semi-detached houses and apartments. Detached houses tend to be the most expensive per property, due to their size. Each segment's size represents its share of the total rental market (i.e. property volumes).Leasing of detached housesDetached houses are freestanding in their own grounds and separated from other dwellings by at least half a metre. Sep...purchase to read more.

    Additional Insights for the Residential Property Operators Industry

    IBISWorld has determined the most important Key Success Factors for the Residential Property Operators are:

  • Understanding government policies and their implications
  • Good project management skills
  • Carrying out all necessary maintenance to keep facilities in good condition

    • IBISWorld analysts also discuss how external factors such as Residential housing loan rates and Mortgage affordability in the Residential Property Operators industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Residential Property Operators Industry?

    Industry operators rent or lease out residential properties. The industry includes owner-lessors and those that sublease. The industry excludes owner-occupiers that rent or lease their own dwellings to themselves (imputed rent).

    Industry Products
  • Leasing of detached houses
  • Leasing of semi-detached houses
  • Leasing of flats, units and apartments
  • Leasing of other dwellings
    • Industry Activities
  • Apartment renting or leasing
  • Residential caravan park operation
  • Flat renting or leasing
  • Residential house renting or leasing
  • Residential property body corporate operation
  • Residential property strata corporation operation
    • 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
  • Residential housing loan rates
  • Mortgage affordability
  • Real household disposable income
  • Residential property yields
  • Number of households

    • Current Performance
  • Housing affordability and government intervention
  • The rental market
  • Chart: Revenue Growth

    • Industry Outlook
  • Housing demand
  • Supply factors
  • Table: Residential Property Operators Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Residential Property Operators Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • State Government Administration
  • Consumers

    • Key Selling Industries
  • Electrical Services
  • Gardening Services
  • House Construction
  • Land Development and Subdivision
  • Mortgages
  • Multi-Unit Apartment and Townhouse Construction
  • Plumbing Services
  • Real Estate Services

    • Products & Services
  • Leasing of detached houses
  • Leasing of flats, units and apartments
  • Leasing of semi-detached houses
  • Leasing of other dwellings
  • Chart: Residential Property Operators Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Singles
  • Couples with dependants
  • Couples
  • Singles with dependants
  • Other
  • Group households
  • Chart: Major Market Segmentation for the Residential Property Operators Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Residential Property Operators

    • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Residential Property Operators Industry

    • Industry Globalization

    Major Companies

    There are no major players in this industry. This report includes analysis of other companies.

    Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Residential Property Operators 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 Residential Property Operators Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Capital Gain
  • A profit from a sale of real estate, which exceeds its purchase price. It is the difference between a higher selling price and a lower purchase price.
    • Owner-Occupier
  • A household owner who lives in the property that they own, in contrast to an investor, who typically rents out the property to a tenant.
    • Vacancy Rate
  • Measures the number of unoccupied properties as a percentage of total available properties. Conversely, occupancy rate is the equivalent for the percentage of occupied properties.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Residential Property Operators market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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 Residential Property Operators:
    • 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 Residential Property Operators 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 Residential Property Operators, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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