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Real Estate Services in Australia: Market Research Report

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

Real Estate Services Market Research Report | ANZSIC L6720 | Jan 2017

Housing boom: Higher house prices have supported industry revenue growth

IBISWorld’s Real Estate 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.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 12-17
4.2%
Annual Growth 17-22
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Profit
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Employment
110,132
Businesses
38,439
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Real Estate Services Industry?

Industry operators are primarily engaged in valuing, purchasing, selling (by auction or private treaty), managing or renting residential property, commercial property, or a combination of the two.

Industry Products
Property salesProperty managementProperty leasingOther services
 
Industry Activities
Conveyancing (other than by qualified legal practitioners)Real estate agency, auctioning, body corporate management and brokeringReal estate managementReal estate title transfers (other than by qualified legal practitioners)Timeshare apartment managingTitle searchingValuing of real estate


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