The Australian dream of home ownership is increasingly trending towards multi-unit apartments and townhouses, which offer an inner city lifestyle, suit smaller households and help avoid the high costs of residential land. Contractors in the industry construct housing ranging from suburban flats to soaring CBD apartment towers, and from military barracks to designer retirement communities. The industry captures the bulk of work done in the multi-unit housing market but also competes against firms operating in the single-unit housing or commercial building markets.
The Multi-Unit Apartment and Townhouse Construction industry consists of establishments that construct multi-unit apartments and townhouses (such as flats, apartments and condominiums) and excludes commercial or public buildings such as factories, office building, hostels, hotels and hospitals. This industry also includes establishments engaged in carrying out alterations, additions or general renovation or repairs to such buildings, or in organising or managing their construction.
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.