Across Australia, there are an estimated 2.7 million rental households with 6.5 million residents. Residential property operators play a crucial role in society by renting out property to over one-quarter of Australia's population. Becoming a homeowner has long been part of the Australian dream, but for many Australians, this remains more dream than reality. The proportion of Australians renting is growing, as housing affordability deteriorates. In the wake of the financial crisis, rental demand increased as many consumers chose to put off purchasing a home and some homeowners were forced to sell their properties.
Industry property operators rent or lease residential properties. This includes owner-lessors and those that sublease. The industry excludes activities of owner-occupiers renting or leasing their own dwellings to themselves (imputed rents).
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.