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... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Real Estate Services industry displays a low level of market share concentration, with no individual player dominating the industry. According to data from the Australian Bureau of Statistics, businesses that make over $2.0 million only account for slightly more than 6.0% of industry participants. The largest companies have the strongest presence in smaller markets (most notably, the Northern Territory and the Australian Capital Territory), since these markets are easier to build scale in. Industry operators are predominantly self-employed and local firms, although a number participate in national franchise systems. A significant proportion of national players operate in the commercial and rural segments... purchase to read more