The Land Development and Subdivision industry has grown strongly over the past five years, driven by upward trends in housing investment and dwelling commencements. The accelerated pace of industry expansion also reflects the recovery of activity from the deep cyclical trough in 2010-11, which followed the withdrawal of government stimulus spending on primary school refurbishments and first homebuyer grants. Industry revenue is estimated by IBISWorld to have surged by an annualised 8.1% over the five years through 2015-16.
Companies in this industry are primarily engaged in subdividing and amalgamating land into lots and preparing and servicing land for subsequent sale, including excavation work for the installation of roads and utility lines.
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.