$54.5bn
$X.Xbn
51,805
27,700
$X.Xbn
The industry has benefited from a long-term shift in dwelling preferences away from traditional single-unit houses and towards higher density apartments and townhouses. Still, this trend reversed during a surge in single-unit house construction under the Federal Government's HomeBuilder scheme and a slump in multi-unit dwelling investment following a 2017-18 peak. Over the five years through 2024-25, industry revenue is expected to decrease at an annualised 1.6% to $54.5 billion, despite anticipated growth of 6.6% during the current year in response to robust population growth.
Industry revenue has declined at a CAGR of 1.6 % over the past five years, to reach an estimated $54.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue ($m)
2025 |
---|---|---|
BBPHA 1 | 2,290.0 | |
LendLease | 1,830.0 | |
Hutchies Builders | 1,635.0 |
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Industry revenue is measured across several distinct product and services lines, including Townhouses, other dwellings and conversions, High-rise and super high-rise apartments and Medium-rise flats or units. Townhouses, other dwellings and conversions is the largest segment of the Multi-Unit Apartment and Townhouse Construction in Australia.
Dwelling preferences are shifting towards medium-density townhouses
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.
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ANZSIC 3019 - Multi-Unit Apartment and Townhouse 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.
A slump in the industry's performance since a 2017-18 peak has corresponded with restrictions on foreign investment and weaker net migration during the COVID-19 pandemic. A r...
Learn about an industry's products and services, markets and trends in international trade.
High-rise apartment construction collapsed to a deep trough in 2021-22. Excess supply conditions, restrictions on foreign investment and international border closures compoun...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
A skew in apartment and townhouse construction towards New South Wales reflects the population concentration in the Sydney metropolitan area. Escalating land prices and growi...
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.
Several of the largest builders, like Lendlease and Meriton Apartments, secure construction contracts by taking an equity interest in property development consortiums. Lendle...
Learn about the performance of the top companies in the industry.
The industry has no Major Companies and comprises many small-scale builders that service narrow regional or niche markets. The industry includes several large-scale construct...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Builders must obtain registration from state and territory agencies to operate within the industry. The appropriate Certificate IV in Building and Construction (Building) qua...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchase costs have climbed as prices have risen in response to supply chain disruptions resulting from the COVID-19 pandemic and the Russia-Ukraine conflict. Inflationary tr...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Multi-Unit Apartment and Townhouse Construction industry in Australia is $54.5bn in 2024.
There are 27,700 businesses in the Multi-Unit Apartment and Townhouse Construction industry in Australia, which has grown at a CAGR of 1.9 % between 2019 and 2024.
The market size of the Multi-Unit Apartment and Townhouse Construction industry in Australia has been declining at a CAGR of 1.6 % between 2019 and 2024.
Over the next five years, the Multi-Unit Apartment and Townhouse Construction industry in Australia is expected to grow.
The biggest companies operating in the Multi-Unit Apartment and Townhouse Construction market in Australia are BBPHA 1, LendLease and Hutchies Builders
Townhouses and Semi-detached terrace houses are part of the Multi-Unit Apartment and Townhouse Construction industry.
The company holding the most market share in Australia is BBPHA 1.
The level of competition is low and steady in the Multi-Unit Apartment and Townhouse Construction industry in Australia.