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Property and Business Services in AustraliaProduct Type: Market Research ReportPublished by: IBISWorld Published: March 2004 Product Code: R538-4510 Description Property and Business services is one of 17 divisions that comprise the Australian economy. This division is primarily concerned with the provision of property services including real estate agents, residential/commercial property developers, etc and business services such as legal services, advertisers, cleaners, etc. Key markets for this division include other sectors of the economy, Government bodies and consumers.Operators included in waste disposal services are however excluded from this division. ANZSIC Definition: This Division includes all units engaged in renting and leasing assets including commercial and residential property, motor vehicles and industrial machinery plant or equipment as well as property development and a broad range of business services. The business services component covers units engaged in scientific research, technical services such as architectural, surveying and consultant engineering services, accountancy and legal services, computer services, marketing and business management services, employment services and a range of miscellaneous services such as security and pest control services. The Industry L - Property and Business Services in Australia ranks 7 out of 496 by industry turnover and its life cycle is in a mature phase, which means that the industry is generally growing at at the same rate as the economy. Capital/labour intensity is low and the uptake of new technology is medium. The industry's globalisation level is medium and the trend is increasing. The industry has a low level of exports, which means exports generate less than 5% of the industry's turnover. The industry has a low level of imports, which means imports generate less than 5% of the industry's domestic demand. The trend for exports is increasing and for imports it's increasing. The level of regulation is medium and steady and government assistance is low and steady. This industry is forecast to have a moderate average annualised growth rate over the next five years. A full analysis of each of the above conditions and more is available in every IBISWorld industry report! Table of Contents DefinitionKey Statistics Market Characteristics Industry Segmentation Industry Conditions Performance Industry Participants Key Factors Industry Outlook |
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