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7711 Residential Property Operators
This class consists of units mainly engaged in renting or leasing their own or leased residential properties (including space in such properties) or dwellings (other than holiday houses or flats) to others. The activity of owner occupiers renting or leasing their own dwellings to themselves is treated as a business activity in the national accounts. (Accordingly this class includes, for purposes of national accounts, the imputed or notional property owning units from which the owner occupiers of dwellings rent or lease their dwellings.)
Note: All renting and leasing activities can be performed either as owner or as lease holder. Leasing includes sub-leasing.
Exclusions / References
(b) operating hotels or motels (except with licensed premises), boarding or rooming houses, student residences, caravan parks, holiday houses or flats (except in renting or leasing dwellings) are included in Class 5710 Accommodation.
Apartments (except holiday apartments) renting or leasing; Buildings, residential, renting or leasing; Flats (except holiday flats) renting or leasing; Houses (except holiday houses) renting or leasing
7712 Commercial Property Operators and Developers
This class consists of units mainly engaged in the leasing out of commercial and industrial property. This class also includes units mainly engaged in land subdivision and development, except construction.