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Residential Construction in Australia

Summary
Residential Construction in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Findings
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the residential construction market in Australia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the residential construction market in Australia
- Leading company profiles reveal details of key residential construction market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Australia residential construction market with five year forecasts

Synopsis
Essential resource for top-line data and analysis covering the Australia residential construction market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Reasons To Buys
- What was the size of the Australia residential construction market by value in 2016?
- What will be the size of the Australia residential construction market in 2021?
- What factors are affecting the strength of competition in the Australia residential construction market?
- How has the market performed over the last five years?
- How large is Australia’s residential construction market in relation to its regional counterparts?

Key Highlights
The residential construction market is defined as the value of work put in place annually for residential buildings. This includes apartments, houses, and similar buildings, but not hotels etc. Market value includes new build and also renovations and repair; it includes construction of buildings and also preparatory work and completion (demolition, site preparation, electrical and plumbing installation, etc). All currency conversions were carried out at constant average annual 2015 exchange rates.

The Australian residential construction sector is expected to generate total revenues of $57.8bn in 2016, representing a compound annual growth rate (CAGR) of 12.9% between 2012 and 2016.

Apartment construction rose particularly strongly in 2016, reflecting the need for additional dwelling units in the major cities.

Mid-2016 saw housing approvals rising to historically high levels. Apartment construction rose particularly strongly, most likely reflecting the need for additional dwelling units in the major cities.