Homeownership provides financial and emotional security and often represents the most significant investment an individual will make in their lifetime. Businesses in the House Construction industry build new detached low-density dwellings or renovate and repair existing homes. Australia's strong population growth before the COVID-19 pandemic and low mortgage interest rates have underpinned housing construction.Crumbling foundations: Escalating input costs and fixed-price contracts have walled in profitability
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.
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.
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