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Multi-Unit Apartment and Townhouse Construction in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Multi-Unit Apartment and Townhouse Construction Market Research Report | ANZSIC E3019 | Nov 2016

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

IBISWorld’s Multi-Unit Apartment and Townhouse Construction 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.

Report Snapshot
Industry Statistics & Market Size
Revenue
$19bn
Annual Growth 12-17
6.1%
Annual Growth 17-22
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Profit
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Employment
24,700
Businesses
14,780
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... purchase to read more

Industry Report - Industry Locations Chapter

The spread of industry activity does not correspond to the distribution of the national population. This is due to differences in topography, land values, demographic factors and consumer preferences. The preference for higher density dwellings is strongest in areas where land values are high (e.g. inner-urban areas and tourist regions) and household size is smaller (e.g. retirement areas). The value of apartment construction in each state and territory fluctuates in response to local market conditions (vacancy rates) and the start and completion dates of large-scale projects. In the larger cities and on the Gold Coast it is common for one development to comprise as many as 250 units... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 complexesInner-city villas and townhousesSuburban and rural apartment blocks or unitsTourist or retirement unitsRefurbishment or conversion of existing buildingsRepair and maintenance of existing buildings
 
Industry Activities
Multi-unit apartment building constructionDuplex house constructionFlat constructionHigh-rise flat constructionHome unit constructionProject management of multi-unit apartment and townhouse constructionRepair or renovation of residential buildingsSemi-detached housing construction


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