Real Estate Market- Australia
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 3.4% (2024-2032)
The Australia real estate market is experiencing significant growth, driven by consumer preferences for convenience and time-saving solutions. According to IMARC Group, the market size is projected to exhibit a growth rate (CAGR) of 3.4% during 2024-2032.
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Australia Real Estate Industry Trends and Drivers:
Factors Driving Market Growth in Australia
- Rising Population:
- Increased demand for housing, retail space, and other infrastructure.
- Key factor in market growth.
- Urbanization Trends:
- Growing demand in metropolitan areas.
- High demand for apartments and residential units near city centers and amenities.
- Infrastructure Development:
- Need for transportation networks, roads, ports, and utilities.
- Enhancing connectivity and accessibility.
- Foreign Investments:
- Boost in residential, commercial, and tourism-related property development.
- Stimulating market growth.
- Government Policies:
- Introduction of tax incentives, such as negative gearing and capital gains tax discounts.
- Supportive of market growth.
- Technology and Work Habits:
- Rise of remote working influencing real estate dynamics.
- Increased demand for properties balancing living and workspace.
- Environmental Sustainability:
- Rising awareness and regulations.
- Influence on real estate development contributing to market growth.
- Credit and Lending Criteria:
- Impact of ease of obtaining credit and lending standards.
- Tighter lending standards can reduce demand, lenient conditions expand market growth.
- Tourism and Hospitality Sector:
- Increasing need for hotels, resorts, and vacation rentals.
- Impelling market growth.
- Technological Advancements:
- Adoption of smart buildings, IoT devices, digital platforms, and data analytics tools.
- Enhancing performance, sustainability, and user experience of real estate assets.
- Facilitating market growth.
The market report offers a comprehensive analysis of the segments, highlighting those with the largest Australia real estate market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
Australia Real Estate Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Property:
- Residential
- Commercial
- Industrial
- Land
Breakup by Business:
- Sales
- Rental
Breakup by Mode:
- Online
- Offline
Breakup by Region:
- Australia Capital Territory & New South Wales
- Victoria & Tasmania
- Queensland
- Northern Territory & Southern Australia
- Western Australia
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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