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Real Estate Agents in Australia March 2012   25

www.ibisworld.com.au

Major Companies

Other Companies continued

specifically related to residential property were to be franchised out, reducing the exposure and burden on the head office. Revenue in real estate operations fell to $56.8 million in the Australian network, with activity in the rural market remaining stagnant due to drought. Despite this focus, in 2010-11 the segment still saw mixed trading conditions, with prices falling in residential markets and broadacre markets remaining stable. Water rights activity levels also brought uncertainty to rural property markets, particularly since high levels of rainfall reduced demand for property close to water sources. As a result sales revenue declined by 8.0% during the period. The global financial crisis affected the profit margins and revenue of the company. The company experienced a

Elders Limited – financial performance year* 2008-09 2009-10 2010-11

Sales (million)

(% change)

61.0 56.8 52.3

-12.4 -6.9 -7.9

*year end September SOURCE: ANNUAL REPORT AND IBISWORLD

loss of over $415 million in 2009, down from profit of $36.0 million in 2008. Revenue was also affected, decreasing by about 12% from $3.5 billion in 2008 to $3.1 billion in 2009. However, at a domestic level, the group experienced growth in sales revenue, which increased from $1.6 billion to $1.7 billion between 2008 and 2009.

Real Estate Agents in Australia  
Real Estate Agents in Australia  

Breakdown of industry information from IBISWorld

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