Home ownership is a cornerstone of the great Australian dream. It can provide financial and emotional security for households and typically represents their largest lifetime investment. The House Construction industry is supported by this enduring consumer ambition, and revenue is expected to reach $40.4 billion in 2014-15. This represents an increase of 4.1% on the previous year, as new housing investment strengthens in response to pent-up demand for accommodation and continued low mortgage interest rates.
This industry consists of companies that mainly construct houses (excluding multi-unit apartments and townhouses) or carry out alterations, additions, renovations or general repairs to houses. It also includes operators that organise and manage these activities as the prime contractor.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.