The real estate industry is a significant contributor to Australia's economic growth and development. In 2022, the industry contributed around AUD $50 billion to the country's GDP, making up around 2% of the total GDP. The industry also employed over 1 million people, making up around 8% of the total employment in the country. In this article, we will explore the key statistics, factors contributing to its growth and success, each industry's growth and comparison to previous years, and key trends, including technological disruptions, challenges, and future outlook.
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BELLE PROPERTY
1,279
+61 1300 363 992 feedback@belleproperty.com
Belle Property is a sophisticated boutique real estate network that offers a full-service agency experience, catering to both the premium and middle markets. Belle Property has more than 160 offices in select lifestyle locations across New South Wales, Victoria, Queensland, South Australia, Western Australia and the Australian Capital Territory. Belle Property strives for outstanding presentation, strategic marketing, genuine client service and superior sales skills, all which are the core ingredients of a premium outcome at any price level. Our network of agents, property managers and admins represent the highest level of professionalism, expertise, and ethics within the industry, operating with honesty, purpose and integrity. As a company, our priority is the training and development of our people. The Belle Property Academy training department is award-winning; being recognised as the Training and Education Program of the Year at the 2019 REB Awards. We continue to invest …
SERVCORP
837
+65 6818 6110 marketing@servcorp.com.sg
Hot Desk | Dedicated Desk | Offices | Virtual Offices | The Membership In 1978 the entrepreneurial Mr. Alf Moufarrige was about to embark on a new venture. First, he required an office space, receptionist then secretarial support. Soon he realised these costs were eating into his profits and the team and space were not used 100%, so he looked to share these to reduce his overheads. In 1978 from a corner office in the MLC Centre Sydney Australia Mr. Moufarrige took a piece of chalk to divide up the space - and Servcorp was born! The idea took hold and evolved organically and in just 12 months, a full 2 floors within the MLC Centre were occupied along with 1 location in Melbourne. Growth steadily continued, pioneering the Virtual Office concept in 1980 and expansion into other countries and Servcorp was publicly listed on the Australian Securities Exchange (SRV) in 1999. Today the entrepreneurial spirit and passion of Mr. Moufarrige has spearheaded Servcorp into offering Private…
First-stage completion has occurred for the sale and transfer of the AMP Capital real estate and domestic infrastructure equity business to Dexus. This enables the integration of the AMP Capital business into the Dexus platform, with the combined business creating a leading real assets investment manager in Australia with more than $60 billion of funds under management.
LANDER & ROGERS
626
+61 2 8020 7700 law@landers.com.au
Lander & Rogers is a leading independent Australian law firm, comprising over 600 people including 86 partners. We have grown organically, resulting in a highly cohesive firm sharing a strong work and client service ethic, as well as high staff and partner retention rates. We believe that legal services involve more than just the law – practical, commercial advice and exceptional client experience are equally important to our clients and to us. Our firm is global in approach but we remain fiercely independent and truly Australian. We work closely with international firms that do not have an Australian presence, and we are the exclusive Australian member of the largest global network of independent law firms, TerraLex. Consistent with our values and culture, we are strongly committed to pro bono & community work and supporting our environment. We also established Australias first LawTech Hubs in Melbourne and Sydney. Our key sectors are Government, Insurance & Financial Services…
Stone Real Estate’s revolutionary business model is a franchise structure that operates as a group of cohesive agencies with a unified team and common objectives. Our innovative corporate structure has many advantages, including one centralised database, a wider network, sharper market intelligence, leading technology and greater results for our clients. We do things differently, smarter and more efficiently and our business is entirely driven by our clients’ needs, enabling us to give you so much more in the most personalised possible way.
Since Fletchers inception in 1919, the face of real estate has changed remarkably. Fletchers has evolved accordingly, embracing new technology and communications systems, structured ongoing training programmes, a state-of-the-art integrated database and a strong focus on customer service. As pioneers in many of these areas, we are proud to say that we are well respected in the real estate industry. Like every successful organisation, Fletchers network is rapidly growing and now includes a select group of peers who have been carefully vetted to ensure that they share our vision of achieving the worlds best practice in everything we do. Repeat and referral business is fundamental to the success of Fletchers and we are proud to say that our clients return to us time and time again as well as referring us to their family and friends. Our world’s best practice ‘Fletchers Way’ philosophy (documented approach to providing outstanding service to our clients) is instilled in every member of o…
JELLIS CRAIG
598
+61 403 383 834 chrissavvides@jelliscraig.com.au
Established in 1991, the Jellis Craig network is a business based on ethics, integrity and personal service. With a commitment to progressive thinking, Jellis Craig has continually evolved and grown to become one of Melbourne’s leading real estate groups. Jellis Craig’s network of strategically located offices are positioned across Melbourne’s most sought after suburbs and reach into local, interstate and international markets.
PRD.
824
+61 2 6238 0999 info.bungendore@prd.com.au
PRD is a customer-focused real estate agency that brings the right people together for the best results. We have over 45 years of leading property research, local market expertise, extensive knowledge of what buyers, vendors & investors need, & a passion for seeing the communities we operate in flourish. The brand was established in 1976 and was purchased by Colliers in May 2006. The PRD real estate network comprises over 80 franchise offices across Australia specialising in residential property and investment sales, asset and property management, leasing, rural property and agribusiness, prestige property and land marketing.
CLAYTON UTZ
1,743
+61 3 9286 6000 tromeo@claytonutz.com
A reputation for standing out. And for being outstanding. For over 180 years, our confident approach to complex transactions and litigation has seen us grow into Australia’s leading independent law firm. With a genuine commitment to client service, we are trusted advisers to a range of government departments and agencies, as well as leading Australian and international corporations. We offer the sharpest legal minds. The clearest advice. And an unshakeable sense of what’s possible. We have a substantial commitment to making the legal system accessible, through our Pro Bono practice, and are actively involved in our community through our Community Connect program.
HAMILTON LOCKE
197
+61 2 4038 1620 info@hamiltonlocke.com.au
Hamilton Locke is an international law firm focused on evolving the traditional approach to corporate and commercial legal services. We advise clients across Australia and New Zealand, and we have been recognised as Australia’s fastest growing law firm. We react quickly to change, we provide exceptional service, we find creative solutions, and deliver smart advice. Our specialist areas of expertise include corporate M&A and private equity, capital markets, funds and financial services, property, litigation dispute resolution, restructuring and insolvency, finance, workplace and employment, and intellectual property and technology. We have experience in a broad spectrum of industry sectors, including agribusiness, financial services, new energy, carbon, real estate, natural resources, technology, and health, care and education. Hamilton Locke is part of HPX Group which is also the holding company of in-house style essential professional services firm, Source. HPX Group delivers essen…
PRO-INVEST GROUP
128
+61 2 9237 6900 info@proinvestgroup.com
Founded in 2010, Pro-invest Group is a boutique investment firm specialised in Private Equity Real Estate, Real Estate Asset Management and Private Equity. We provide both private clients and institutional investors with unique investment opportunities in Australia, the Middle East and Europe. With backgrounds in real estate development, asset management, investment management, international fund structuring and private equity, the collective knowledge of our core team complemented by that of our extensive network of industry experts provides us the advantage of an all-encompassing approach to investing. PRIVATE EQUITY REAL ESTATE We offer our clients off-market Development and Value-added real estate investment opportunities characterised by attractive risk-adjusted return profiles. Following strict due diligence and investment processes, we provide selective investment opportunities with significant growth prospects. REAL ESTATE ASSET MANAGEMENT Focusing on the Office and Hospital…
HOCKINGSTUART
421
+61 422 560 647 privacy@hockingstuart.com.au
A history of innovation. Moving forward with vision. Established in 1985, Hockingstuart has been a landmark presence in the Victorian real estate industry with a history of firsts. Hockingstuart was the first agency to publish its properties for sale in a magazine format, the first to conduct auctions on Sundays, and the earliest adopter to recognise the power of the internet and launch the cutting-edge online property alert in 2001. Did you know that Hockingstuart was also the first brand to install night lights on signboards? Embracing the rapidly progressing world of technology, Hockingstuart launched an industry-first suite of digital marketing tools in 2017, changing the way that customers interact with properties online. This allowed buyers to virtually furnish the property that theyre looking to make their next home and even virtually renovate the existing kitchen to their taste, allowing clients to dream big. It is the constant challenging of status quo and championing cust…
Elders is Australia’s most trusted and respected real estate brand. Established in 1839 and widely recognised as one of the most dominant real estate networks, it has used this platform to emerge as a leading real estate group. The Elders Real Estate network occupies close to 300 offices operating in all capital cities, major regional and rural centres across the country. In 2016, this network sold over 9000 properties for a combined total value of close to $4 billion. Elders has an extensive team of experienced, professional real estate agents throughout Australia who are committed to providing an outstanding real estate service for clients.
STOCKDALE & LEGGO
449
+61 2 9284 9666 admin@stockdaleleggo.com.au
Stockdale & Leggo have been making Australian dreams a reality for over 75 years. We will use our proud tradition, and extensive experience to guide you through the sales process, ensuring it’s an enjoyable and rewarding one. Since the first Stockdale & Leggo office opened in Glenhuntly, Victoria in 1936, we have grown to be one of the leading real estate agencies in Australia. For generations we have been proud to be helping Australian families realise their real estate dreams. Our long and successful history speaks of strength, flexibility and foresight. Our goal of ensuring our customers are number one has never changed. ‘Your home is your number one asset, and the sale process can be a daunting time. At Stockdale & Leggo we recognise this and are determined to make the process easy. We will take the time to guide you through the process to ensure your property will sell for the highest possible price. That’s my promise to you! ” Peter Thomas, CEO. We pride ourselves on our lon…
LEVANDE
162
+61 1800 727 170 privacy@levande.com.au
Through vibrant neighbourhoods for modern, independent Australians, Levande is redefining lifestyle living. A Swedish word that means ‘vivid’ and ‘full of life’, Levande’s lifestyle communities embody the positivity inherent in our name. Refreshingly real Levande is home to people of all backgrounds and lifestyles, each with different needs, interests and priorities. They choose exactly how they live their life, enjoying the luxury of independence and all the possibilities that independence can bring. Open to anyone over 55, we call it lifestyle living not retirement living because you dont need to be retired to live in our communities. Connected living Carefully considered layouts, clever use of smart technology and sustainable living initiatives – we understand the touches that define connected living. Our newest homes include adaptable design features that can change with your needs. We are also planning upgrades to our older communities to enhance connectivity Simple s…
SAVILLS AUSTRALIA & NEW ZEALAND
515
+61 2 8215 8888 legal@savills.com.au
Trusted since 1855, Savills is a leading global real estate service provider. When you deal with Savills you tap into the expertise of 40,000+ professionals delivering world best-practice property solutions, across more than 700 owned and associate offices. At Savills we advise corporate, institutional and private clients, seeking to acquire, lease, develop or realise the value of prime residential and commercial property across the world’s key markets. Meeting and working with our people is one of the main ways to understand what makes us different – but the below facts give you a flavour for what we do and how what we do it. - We dont strive to be the biggest, but we do aim to be the best - We collaborate closely to ensure you get the results that come from the best of global connections and local knowledge - Globally, we employ more than 40,000 people in 70 countries; while in the Asia Pacific Region, Savills has over 70 offices - We are proud to be a part of Property Male Cham…
SALTA PROPERTIES
109
+61 3 9673 1188 info@salta.com.au
Salta Properties contributes to the future of Australias cities by delivering timeless and sustainable projects across the industrial, commercial, retail and residential property sectors. In business for over 50 years, family-owned Salta Properties continues to tailor dynamic developments and project management solutions to improve the way Australians live, work and shop. Salta Properties innovative approach to creating property solutions has seen it become one of Australias largest privately owned companies with more than $5 billion worth of projects completed or currently in active development.
IMAGE PROPERTY
120
+61 1300 665 134 info@imageproperty.com.au
Image Property believes that real estate is about people, and more importantly about you – our investors and vendors. All property owners and investors want market knowledge, communication and transparency – values upon which we have built our business. We pride ourselves on working in the best interests of our valued clients. Whether connecting you with 5-star tenants, managing your rental property maintenance and income, or selling your property, we do so with experience and enthusiasm. With 10 years of experience in the Brisbane property market, we work with over 4000 investors across three offices in West End, Aspley and Sunshine Coast, which gives us significant insight into the market and immediate access to a large database of property investors. Our committed staff are trained in the latest technology and best industry practice to continue our market-leading service for investors, homeowners and tenants.
ORIX AUSTRALIA CORPORATION LIMITED
216
+61 1300 652 886 novated@orix.com.au
ORIX Australia Corporation Limited was established in 1986 as a joint venture and became a wholly owned subsidiary of ORIX Corporation, Japan, in 1989. The head office of ORIX Australia is in Macquarie Park, Sydney with offices throughout Australia and New Zealand. It employs more than 325 staff and owns or manages assets of circa A$1.5 billion. The company specialises in the acquisition, financing and management of both passenger and commercial vehicles, providing commercial & passenger vehicle fleet services and commercial vehicle rental. ORIX Australia is a part of the global ORIX Group. ORIX Corporation (TSE: 8591; NYSE: IX) is an integrated financial services group based in Tokyo, Japan, providing innovative value-added products and services to both corporate and retail customers. With operations in 36 countries and regions worldwide, ORIXs activities include leasing, corporate finance, real estate-related finance and development, life insurance, and investment and retail bank…
DESIGN & BUILD RECRUITMENT
106
+61 434 024 011 coralia@designandbuild.com.au
Design & Build have over 18 years’ experience recruiting in Construction, Engineering, Architecture, Manufacturing, Property and Real Estate. We put trust at the heart of our entire process. From taking a brief with a client, interviewing a candidate, arranging interviews, managing the on-boarding process and keeping in touch, we measure success on whether we’ve done right by you. As market leaders in the construction, engineering, architecture, manufacturing, property and real estate sectors we have unrivaled connections, expertise and contacts. We can find your next permanent employee or the right person for a short-term contract. Looking to engage candidates directly on an hourly rate basis? We also offer a pay rolling service, to help you employ workers on a flexible hourly basis. We’re here for all your recruitment needs.
Top Real Estate Companies in Australia
Factors Contributing to the Growth and Success of the Real Estate Industry
The growth and success of the real estate industry in Australia can be attributed to several factors. One of the most significant factors is the country's growing population. The growing population has created an increasing demand for housing and commercial properties, driving growth in the industry.
Another factor contributing to the growth of the real estate industry is the government's focus on creating a favorable environment for investment. The government has taken several initiatives to attract foreign investment, such as reducing corporate taxes, simplifying regulatory frameworks, and offering incentives to foreign investors.
Growth and Comparison of Each Industry in the Real Estate Sector
The real estate industry in Australia comprises several sub-sectors, including residential, commercial, and industrial. The residential sector is the largest sub-sector, accounting for around 60% of the industry's total revenue, followed by commercial (30%) and industrial (10%).
In 2022, the residential sector in Australia saw strong growth, driven by increasing demand for housing and low-interest rates. The commercial and industrial sectors also saw growth due to increased demand for office and warehouse space.
Key Trends, including Technological Disruptions
The real estate industry is continuously evolving, and several technological disruptions are changing the way businesses operate. One of the most significant technological disruptions is the adoption of digital technologies such as artificial intelligence (AI), the Internet of Things (IoT), and blockchain. These technologies have the potential to transform almost every industry, enabling businesses to become more efficient, productive, and competitive.
Another key trend in the real estate industry is sustainability. Many companies are now focusing on sustainability as a key driver of their business strategy, incorporating environmental, social, and governance (ESG) factors into their decision-making processes.
Challenges Facing the Real Estate Industry
Despite the growth and success of the real estate industry in Australia, it is facing several challenges. One of the most significant challenges is the increasing regulatory burden. The government has introduced several new regulations aimed at improving the affordability and accessibility of housing, which has increased compliance costs for businesses.
Another challenge facing the industry is the ongoing pandemic. The pandemic has disrupted global supply chains, increased costs, and reduced demand for many products and services. The pandemic has also led to increased competition, as many companies are struggling to stay afloat in the current environment.
Future Outlook for the Real Estate Industry
The outlook for the real estate industry in Australia is positive. The industry is expected to continue to grow, driven by the growing population and increasing demand for housing and commercial properties. The growth of the industry is also likely to be supported by government initiatives aimed at creating a favorable environment for foreign investment.
To sustain this growth, the industry will need to address the challenges it faces, such as regulatory burden and pandemic-induced disruptions. The industry must also keep up with the pace of technological change and ensure that businesses are equipped to take advantage of new technologies.
Conclusion
In conclusion, the real estate industry in Australia is a critical contributor to the country's economic growth and development. The industry is driven by the growing population and the government's focus on creating a favorable environment for investment. The industry comprises several sub-sectors, including residential, commercial, and industrial, and has seen strong growth in recent years.
The industry is facing several challenges, including the increasing regulatory burden and pandemic-induced disruptions. However, the future outlook for the industry is positive, and it is expected to continue to grow in the coming years. The industry's success will depend on its ability to address the challenges it faces, stay at the forefront of technological change, and ensure that businesses are equipped to take advantage of new opportunities.
One potential area for growth in the real estate industry is sustainable practices. With the increasing focus on sustainability, companies that prioritize ESG factors may be better positioned to succeed in the long term.