Real value: The rising number of housing transfers has led to strong revenue growth

Real estate valuation involves an independent, unbiased valuation of a residential or commercial property. Trained professionals perform valuations, which have legal standing for the purpose of issuing mortgages, assess insurance claims and negotiate lease agreements. Real estate appraisals provided by real estate agents and property advisors are not included in the Real Estate Valuation Services industry, as these appraisals are usually estimates based on market knowledge that have no legal standing.Industry participants generate most of their revenue from the residential real estate market. Dwelling transfers, refinancing activity and new dwelling commencements all require valuation services...read more.

Industry Statistics & Market Size
Revenue
$356m
Annual Growth 13-18
3.4%
Forecast Growth 18-23
Profit
Employment
3,516
Businesses
660

Industry Threats & Opportunities

  • A low cash rate provides an incentive for owners to refinance, boosting demand for industry services
  • Industry participants specialising in commercial property valuations often charge a higher fee
  • Largely positive business confidence will reflect stronger demand from commercial property
  • Industry Report - Industry SWOT Analysis Chapter

    The industry is in the mature stage of its life cycle. Industry value added (IVA), which is a measure of an industry's contribution to GDP, is forecast to grow at an annualised 2.9% over the 10 years through 2022-23. This represents an outperformance of the economy, with real GDP forecast to grow at an annualised 2.5% over the period. Typically, stronger IVA growth than GDP growth is indicative of a growing industry. However, the Real Estate Valuation Services industry's IVA figure is positively skewed by a low base year. Over the long term, the industry's IVA figure is expected to move in line with real GDP growth.The industry has a well-established service offering with little product innovation, which is typical of a mature industry. Add...purchase to read more.

    Additional Insights for the Real Estate Valuation Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Real Estate Valuation Services Industry are

  • Access to highly skilled workforce
  • Having a good reputation
  • Market research and understanding
  • IBISWorld analysts also discuss how external factors such as Number of housing transfers and Cash rate in the Real Estate Valuation Services industry impact industry performance..

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    What's in this report

    What is the Real Estate Valuation Services Industry?

    Industry operators specialise in estimating the fair market value of real estate. Valuers research a property or development to determine the characteristics pertinent to its market value. Property valuations are typically carried out when a property is sold, mortgaged, taxed, insured or developed.

    Industry Products
  • Existing residential real estate valuations
  • New residential real estate valuations
  • Commercial real estate valuations
  • Other real estate valuations
  • Industry Activities
  • Residential real estate valuation services
  • Commercial real estate valuation services
  • Agricultural or pastoral property valuation services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of housing transfers
  • Cash rate
  • Dwelling commencements
  • Business confidence index

  • Current Performance
  • Existing housing transfers
  • Refinancing
  • New residential dwelling construction
  • Commercial segment
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry demand
  • Product innovation
  • Industry structure
  • Table: Real Estate Valuation Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Real Estate Valuation Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • National and Regional Commercial Banks
  • Office Property Operators
  • Retail Property Operators
  • Consumers

  • Key Selling Industries
  • Accounting Services
  • Engineering Consulting
  • Legal Services

  • Products & Services
  • Existing residential real estate valuations
  • New residential real estate valuations
  • Commercial real estate valuations
  • Other real estate valuations
  • Chart: Real Estate Valuation Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Owner-occupiers
  • Investors
  • Commercial clients
  • First-home buyers
  • Chart: Major Market Segmentation for the Real Estate Valuation Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Transportation
  • Depreciation, rent, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Real Estate Valuation Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Real Estate Valuation Services Industry

  • Industry Globalization
    Herron Todd White (Australia) Pty Ltd, Opteon Property Group Pty Limited, LPI (Australia) Holdings Pty Limited, CBRE Pty Limited, LandMark White Limited,
  • Table: Herron Todd White (Australia) Pty Ltd - financial performance
  • Table: Opteon Property Group Pty Limited - financial performance
  • Table: LPI (Australia) Holdings Pty Limited - financial performance
  • Table: CBRE Pty Limited - financial performance
  • Table: LandMark White Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Real Estate Valuation Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Real Estate Valuation Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Dwelling
  • A self-contained or a freestanding suite of rooms and kitchen and bathroom amenities.
  • Dwelling Commencement
  • A starting point of construction of a residential property.
  • Transfer
  • Refers to the transfer of property title.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Real Estate Valuation Services 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 Real Estate Valuation Services:
    • 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 Real Estate Valuation Services 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 Real Estate Valuation Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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