Residential Construction in Australia

Residential Construction in Australia

  • September 2020 •
  • 33 pages •
  • Report ID: 3711651 •
  • Format: PDF
Residential Construction in Australia

Summary
Residential Construction in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2015-19, and forecast to 2024). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
- The residential construction market is defined as the value of work put in place annually for residential buildings. This includes apartments and apartment blocks, houses, and similar buildings, but not hotels and other forms of commercial, temporary accommodation, and includes both single- and multi-family housing. Market value is defined in general as the total value of construction activity in any given time period, including costs related to construction materials, equipment and services, new construction, refurbishment, repair and maintenance and demolition. It is synonymous with measures such as construction value put in place or value of construction work done.
- The Australian residential construction market had total revenues of $55.4bn in 2019, representing a compound annual growth rate (CAGR) of 0.9% between 2015 and 2019.
- The primary challenge to growth going forwards is going to be a lack of consumer confidence given the general economic impact of the COVID-19 pandemic.
- There are rays of hope for the market, stemming from government schemes including a new subsidy plan for affordable housing launched in December 2018.

Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, 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 by both value and volume

Reasons to Buy
- What was the size of the Australia residential construction market by value in 2019?
- What will be the size of the Australia residential construction market in 2024?
- What factors are affecting the strength of competition in the Australia residential construction market?
- How has the market performed over the last five years?
- What are the main segments that make up Australia’s residential construction market?
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