$69.8bn
$X.Xbn
82,527
55,248
$X.Xbn
Homeownership provides financial and emotional security and often represents an individual or family's most significant investment. House Construction industry contractors build single-unit (detached) low-density dwellings or renovate and repair existing houses. Australia's solid population growth underpins the industry's long-term performance. Still, a shift in housing preferences towards constructing high-density apartments and townhouses has eroded revenue.
Industry revenue has declined at a CAGR of 1.2 % over the past five years, to reach an estimated $69.8bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Metricon Homes | 1,467.0 | |
ABN | 1,335.0 | |
NEX Building Group | 1,182.0 |
To view the market share and analysis for all 9 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including New housing construction, Alterations, additions, renovations and improvements and Housing repairs and maintenance. New housing construction is the largest segment of the House Construction in Australia.
Interest rate hikes dampened recent new housing construction activity
Homebuilders primarily construct houses (excluding multi-unit apartments and townhouses) or carry out alterations, additions, renovations or general repairs to houses. The industry also includes operators that organise and manage these activities as the prime contractor.
Purchase this report to view all 9 major companies in this industry.
ANZSIC 3011 - House Construction in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Federal HomeBuilder stimulus and record-low interest rates fuelled accelerated growth in new housing investment to at 2021-22 peak. However, elevated interest rates and the w...
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Rising interest rates are squeezing first-time homebuyers out of the housing market. A hike in borrowing costs has accompanied the end of stimulus from the HomeBuilder scheme...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Victoria is over-represented in enterprises and housing construction activity. The state consistently leads the nation in single-unit house construction, reflecting the avail...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Franchise operations, like Hotondo Building and G.J. Gardner Homes, have raised the intensity of internal competition. Franchises can provide some of the benefits of scale ec...
Learn about the performance of the top companies in the industry.
The industry has no Major Companies as it comprises many small-scale contractors servicing narrow regional markets. Several large homebuilding companies have a national prese...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Solid growth in the number of households will underpin an ongoing requirement for new housing construction. Migration has rebounded with borders reopening since pandemic rest...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Pandemic-driven supply chain disruptions have pushed up building material and equipment prices. Most builders working on fixed-price contracts have been unable to pass on hig...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the House Construction industry in Australia is $69.8bn in 2024.
There are 55,248 businesses in the House Construction industry in Australia, which has grown at a CAGR of 2.6 % between 2018 and 2023.
The market size of the House Construction industry in Australia has been declining at a CAGR of 1.2 % between 2018 and 2023.
Over the next five years, the House Construction industry in Australia is expected to grow.
The biggest companies operating in the House Construction market in Australia are Metricon Homes, ABN and NEX Building Group
New housing construction and Alterations, additions, renovations and improvements are part of the House Construction industry.
The company holding the most market share in Australia is Metricon Homes.
The level of competition is high and steady in the House Construction industry in Australia.