The Australian dream of home ownership is increasingly focused on multi-unit apartments and townhouses, which offer inner-city lifestyles, suit smaller households and avoid the high costs of residential land. Operators in the Multi-Unit Apartment and Townhouse Construction industry construct buildings that range from suburban flats to military barracks and designer retirement communities.
The industry is projected to generate revenue of $17.7 billion in 2014-15. This represents a minor decline by 0.8% on the previous year associated with major project completions, but also represents accelerated growth by an annualised 7.7% over the five years through 2014-15.
The industry consists of establishments that construct multi-unit apartments and townhouses (such as flats, apartments and condominiums). The industry excludes construction of commercial or public buildings such as factories, office buildings, hostels, hotels and hospitals. The industry also includes establishments that make alterations, additions, general renovation or repairs to such buildings, or those that organise or manage multi-unit 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.