National Licensing for Property Occupations Consultation Regulation Impact Statement

Industry growth rates (employment)

The net industry growth rate represents the number of people leaving and entering the industry per year.

The proportion of new applicants only takes into the consideration the number of new entrants in the industry.

South Australia has provided specific data on the number of applicants in a given year. Where this information has not been provided, a national figure based on data from the Australian Bureau of Statistics labour mobility survey has been used.

Table 4.42: Business sector revenue contribution

Assumptions	Unit	Value		Source
Industry revenue – national
Office	$’000 per annum		27,200,000	IBISWorld Industry Report, Office property operators in Australia, February 2012, www.ibisworld.com.au
Retail	$’000 per annum		30,200,000	IBISWorld Industry Report, Retail property operators in Australia, March 2012, www.ibisworld.com.au
Residential	$’000 per annum		29,200,000	IBISWorld Industry Report, Residential property operators and Developers in Australia, March 2012, www.ibisworld.com.au
Real estate	$’000 per annum		9,000,000	IBISWorld Industry Report, Real estate agents in Australia, March 2012, www.ibisworld.com.au
Industrial	$’000 per annum		21,000,000	IBISWorld Industry Report, Industrial and other property operators and developers in Australia, November 2011 – annual change in employment, www.ibisworld.com.au
Property – total	$’000 per annum		116,600,000

Table 4.43: Industry growth rates (employment)

Assumptions	Unit	Value	Source
Net industry growth – national
Office	% per annum	3.9%	IBISWorld Industry Report, Office property operators in Australia, February 2012 – annual change in employment – average of current and projected rates for 2011–12 to 2016–17, www.ibisworld.com.au
Retail	% per annum	1.32%	IBISWorld Industry Report, Retail property operators in Australia, March 2012 – annual change in employment – average of current and projected rates for 2011–12 to 2016–17, www.ibisworld.com.au
Residential	% per annum	1.0%	IBISWorld Industry Report, Residential property operators and developers in Australia, March 2012 – annual change in employment – average of current and projected rates for 2011–12 to 2016–17, www.ibisworld.com.au
Real estate	% per annum	1.87%	IBISWorld Industry Report, Real estate agents in Australia, March 2012 – annual change in employment – average of current and projected rates for 2011–12 to 2016–17, www.ibisworld.com.au
Industrial	% per annum	0.45%	IBISWorld Industry Report, Industrial and other property operators and developers in Australia, November 2011 – annual change in employment – average of current and projected rates for 2011–12 to 2016–17, www.ibisworld.com.au
Property – total	% per annum	1.728%	This is a weighted average of the net growth rates for each industry above, weighted based on the revenue contribution of each category to the total market identified in Table 4.39.
Proportion of new applicants in the industry (new applicants as a proportion of existing licensees)
NSW	% per annum	5.166%	Australian Bureau of Statistics, Labour mobility, February 2010, catalogue 6209.0, Table 7, page 23. Based on the ‘Rental, hiring and real estate services’ industry Calculated as the number of employees who entered into a different industry division in the last 12 months, as a proportion of the total number of employees in that industry during that time
Vic	% per annum	5.166%	Australian Bureau of Statistics, Labour mobility, February 2010, catalogue 6209.0, Table 7, page 23. Based on the ‘Rental, hiring and real estate services’ industry Calculated as the number of employees who entered into a different industry division in the last 12 months, as a proportion of the total number of employees in that industry during that time
Qld	% per annum	5.166%	Australian Bureau of Statistics, Labour mobility, February 2010, catalogue 6209.0, Table 7, page 23. Based on the ‘Rental, hiring and real estate services’ industry Calculated as the number of employees that entered into a different industry division in the last 12 months, as a proportion of the total number of employees in that industry during that time
WA	% per annum	5.166%	Australian Bureau of Statistics, Labour mobility, February 2010, catalogue 6209.0, Table 7, page 23. Based on the ‘Rental, hiring and real estate services’ industry Calculated as the number of employees who entered into a different industry division in the last 12 months, as a proportion of the total number of employees in that industry during that time
SA	% per annum	5.319%	Based on information provided by the South Australian regulator on new land agent applications in 2009–10 (272) as a proportion of total existing licensees (5,114), received February 2012
Tas	% per annum	5.166%	Australian Bureau of Statistics, Labour mobility, February 2010, catalogue 6209.0, Table 7, page 23. Based on the ‘Rental, hiring and real estate services’ industry Calculated as the number of employees who entered into a different industry division in the last 12 months, as a proportion of the total number of employees in that industry during that time
ACT	% per annum	5.166%	Australian Bureau of Statistics, Labour mobility, February 2010, catalogue 6209.0, Table 7, page 23. Based on the ‘Rental, hiring and real estate services’ industry Calculated as the number of employees who entered into a different industry division in the last 12 months, as a proportion of the total number of employees in that industry during that time
NT	% per annum	5.166%	Australian Bureau of Statistics, Labour mobility, February 2010, catalogue 6209.0, Table 7, page 23. Based on the ‘Rental, hiring and real estate services’ industry Calculated as the number of employees who entered into a different industry division in the last 12 months, as a proportion of the total number of employees in that industry during that time