After three difficult years, the Real Estate Agents industry stabilised in 2010-11, in line with improvements in domestic economic and financial conditions and growth in residential property prices in much of Australia. Growth in the demand for commercial (i.e. retail, office and industrial) property strengthened property investment. However, this was offset by weakening residential demand since the beginning of 2011. However, consumer sentiment towards property purchases has yet to recover. Consequently, IBISWorld estimates that revenue for the Real Estate Agents industry will decrease by 4.3% in 2012-13, to reach $8.89 billion.
Industry operators value, purchase, sell (by auction or private treaty), manage or rent real estate properties.
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.