Multi-Unit Apartment and Townhouse Construction in Australia - Industry Market Research Report

Getting cramped: Investment has slumped amid stalled migration and economic turmoil

The Multi-Unit Apartment and Townhouse Construction industry has benefited from a long-term shift in dwelling preferences away from traditional single-unit houses towards higher density apartment and townhouse construction. A surge in single-unit house construction under the Federal Government's HomeBuilder stimulus, along with adverse trends in multi-unit dwelling investment, has reversed this trend in recent years. Revenue has been decreasing at an annualised 6.8% over the past five years and is expected to total $43.6 billion in 2022-23, when revenue is estimated to inch upwards by 0.9% as the economy gradually recovers from the pandemic.

Industry firms primarily construct multi-unit apartment and townhouse buildings, like flats, apartments and condominiums. The industry excludes commercial or public building construction, like factories, office buildings, hostels, hotels and hospitals. Industry firms also perform alterations, additions, general renovations and repairs to multi-unit residential buildings. The industry includes firms that organise or manage multi-unit apartment and townhouse construction.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.