LAND & PROPERTY DEVELOPMENT
Property development including commercial, residential and multi-level developments is a significant growth industry in Australia. The industry is currently valued at $15.9 billion AUD, recording a $2.8 billion AUD profit in the last financial year. The Australian industry is predicted to continue growing 4% annually over the next five years, with a value of $17.6 billion by 2023.
Australia’s property market has performed better than most other developed countries, resulting in many large international players investing here. The future looks promising with Australia’s steady growth in both total population and population density expected to increase demand for land development over the next five years. There are few barriers to entry for new competitors looking to enter the market as either independent property owners or building developers, making this market one of the best to enter.