A valuable service: The low cash rate has encouraged higher refinancing rates, boosting revenue

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, assessing insurance claims and negotiating 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 professional valuation services...read more.

Industry Statistics & Market Size
Revenue
$504m
Annual Growth 13-18
3.6%
Forecast Growth 18-23
Profit
Employment
2,667
Businesses
2,236

Industry Threats & Opportunities

  • The low cash rate is incentivising owners to refinance, boosting demand for industry services
  • Industry participants specialising in commercial property valuations can charge higher fees
  • Positive anticipated business confidence should reflect stronger demand from commercial property
  • Industry Report - Industry Investment Chapter

    The Real Estate Valuation Services industry has a low level of capital intensity. For every dollar spent on capital costs in 2017-18, an expected $27.61 will be spent on labour. The labour-intensive nature of valuations is responsible for the industry's low capital intensity level. Industry participants use little capital equipment, with investments typically consisting of computers, cars and office furniture. Due to the nature of the work, it is unlikely that the valuation process will be automated in the near future. As a result, the industry's capital intensity is expected to remain low over the next five years...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
  • Mass land 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
  • Government contracts
  • 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
  • Mass land valuations
  • 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
  • Government
  • 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
  • Chart: Cost Structure Benchmarking – Sector vs Real Estate Valuation Services

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

  • Industry Globalization
    Opteon Property Group Pty Limited, Herron Todd White (Australia) Pty Ltd, CBRE Pty Limited, LandMark White Limited, LPI (Australia) Holdings Pty Limited,
  • Table: Opteon Property Group Pty Limited - financial performance
  • Table: Herron Todd White (Australia) Pty Ltd - financial performance
  • Table: CBRE Pty Limited - financial performance
  • Table: LandMark White Limited - financial performance
  • Table: LPI (Australia) Holdings Pty 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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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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