Page 24

Real Estate Agents in Australia March 2012   24

www.ibisworld.com.au

Major Companies

Other Companies continued

Cb richard Ellis Pty Ltd (Australian operations) – financial performance year*

revenue ($ million)

(% change)

nPAT ($ million)

(% change)

2006 2007 2008 2009 2010

168.8 248.8 204.7 212.8 231.4

33.7 47.4 -17.7 4.0 8.7

17.8 26.0 9.6 18.1 24.1

54.8 46.1 -63.1 88.5 33.1

*year end december

SOURCE: ANNUAL REPORT AND IBISWORLD

12,750 employees. The company’s Australian enterprise includes over 1,000 personnel in 28 office locations. The company has recently been involved in two large acquisitions: PRD Nationwide in 2006 and Roberts Weaver Group in 2007. These purchases significantly expanded the company’s residential services and workplace consulting, project management and design services. In 2009, global real estate services provider FirstService gained control of Colliers International. In 2009, the company recorded revenue of $165.2 million, a decline from 2008. This fall was largely due to reduced property sales following the global financial crisis. A strong reduction in company expenses meant that reduced revenue did not seem to affect profit margins. In fact, the group experienced profit growth over the year, from $4.2 million in 2008 to $10.0 million in 2009. Like other commercial property real estate agents, this continued during 2010, with revenue reaching $206.9 million thanks to a recovery in business sentiment.

Elders Limited

Estimated market share: 1.3% Established in 1836, Elders is the oldest real estate agency in Australia. Listed on the Australian Stock Exchange, it is a wholly owned subsidiary of Futuris Corporation Ltd, a diversified company with interests in manufacturing, property, finance and rural services. Elders Rural Services provides a large range of services to farmers and nonfarmers for livestock, wool, merchandise, finance, insurance and real estate. Elders Real Estate, a major segment of Elders Group, is the largest rural real estate organisation in Australia and the market leader in broadacre property sales. Elders also operates in the metropolitan residential real estate market, has a national network of over 380 offices (including 162 franchised businesses) and sells over 70,000 properties per year. During 2009-10, Elders elected to discontinue its real estate operations in New Zealand due to a lack of scale and efficiency, and sharpened its focus on the Australian market to core traditional broadacre and rural property. Operations

Colliers International Holdings (Australia) Limited – financial performance year*

revenue ($ million)

(% change)

nPAT ($ million)

(% change)

2007 2008 2009 2010

212.9 175.7 166.4 206.9

N/C -17.5 -5.3 24.3

14.9 4.1 9.4 16.2

N/C -72.5 129.3 72.3

*year end december SOURCE: ANNUAL REPORT AND IBISWORLD

Real Estate Agents in Australia  

Breakdown of industry information from IBISWorld

Advertisement