The Property Operators and Real Estate Services sector in Australia has demonstrated consistent growth from 2013 to 2023, with the value added increasing from AUD 49.15 billion to AUD 83.55 billion. The year-on-year variations depict a fluctuation in growth rates, with notable acceleration in 2016 (10.88%) and a significant surge in 2022 (12.36%). Over the last two years, the growth was steadier, showing 12.36% in 2022 and 3.54% in 2023. The five-year CAGR leading to 2023 was 3.66%, reflecting a moderate yet stable upward trend.
Looking forward from 2024 to 2028, the sector is forecasted to grow at a 5-year CAGR of 2.46%, with an overall growth rate of 12.9%. This indicates a persistent, albeit slightly slower, expansion in the upcoming years.
Future trends to watch for include:
- Potential impacts of regulatory changes and housing policies.
- The influence of economic cycles on property investment and real estate services demand.
- The role of technological advancements and digital transformation in enhancing sector efficiency and customer experience.
- Environmental sustainability trends influencing property development and management practices.
