67 Property Operators and Real Estate Services
This subdivision contains the following ANZSIC groups:
671 Property Operators
This group contains the following ANZSIC classes:
6711 Residential Property Operators
This class consists of units mainly engaged in renting or leasing residential properties, (other than holiday houses or holiday flats) including space in such properties. The units may be owner lessors or they may sublease properties of which they are themselves lessees.
The activity of owner occupiers renting or leasing their own dwellings to themselves is treated as a business activity in the System of National Accounts (1993 SNA). 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.
Primary activities
- Apartment (except holiday apartment) renting or leasing
- Caravan park, residential (other than holiday), operation
- Flats (except holiday flats) renting or leasing
- House (except holiday house) renting or leasing
- Residential property body corporate operation
- Residential property strata corporation operation
Exclusions/References
Units mainly engaged in:
- operating hotels or motels, boarding or rooming houses, student residences, caravan holiday parks, holiday houses or flats are included in Class 4400 Accommodation; and
- operating as a residents’ organisation to promote the interest of the local community are included in Class 9559 Other Interest Group Services n.e.c.
6712 Non-Residential Property Operators
This class consists of units mainly engaged in renting or leasing non-residential properties.
Primary activities
- Agricultural land renting or leasing
- Commercial or industrial property renting or leasing
- Commercial property body corporation
- Commercial property strata corporation
- Factory renting or leasing
- Office space renting or leasing
- Self-storage renting or leasing
- Shopping centre renting or leasing
- Warehouse renting or leasing
Exclusions/References
Units mainly engaged in land development and subdivision are included in Class 3211 Land Development and Subdivision.
672 Real Estate Services
This group contains the following ANZSIC class:
6720 Real Estate Services
This class consists of units mainly engaged in valuing, purchasing, selling (by auction or private treaty), managing or renting real estate for others.
Primary activities
- Broking service (real estate)
- Real estate agency service
- Real estate auctioning service
- Real estate management service
- Real estate rental agency service
- Time share apartment management service
- Valuing service (real estate)
Exclusions/References
Units mainly engaged in:
- providing title transfer or conveyancing service are included in Class 6931 Legal Services; and
- providing engineering or structural property and house inspections are included in Class 6923 Engineering Design and Engineering Consulting Services.