Home reno costs are down in Queensland
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Home reno costs are down in Queensland
Posted on Monday, August 10 2015 at 4:05 PM
The cost of renovating your home in Queensland has dropped one per cent so that it’s now the most affordable state in which to renovate, according to a new report.
The Renovation
Consumer Price Index (RCPI) is a quarterly report released by
ServiceSeeking.com.au analysing 52,000 quotes submitted by tradesmen on the
website. The latest RCPI compares the cost of renovating in the fourth quarter
of FY15 versus the previous year.
To support the release, ServiceSeeking.com.au has
created an interactive map that plots price changes across 10 popular
renovation services in Queensland year on year.
“The interactive map shows the cost of renovating a
home in the sunny state has dropped by one per cent quarter-on-quarter,” CEO
Jeremy Levitt says, while the national average has risen 3.9 per cent.
“In the past, Queensland’s been Australia’s most
expensive state to renovate so the news comes as a pleasant surprise for many
homeowners,” he adds.
Prices in Queensland were overwhelmingly cheaper than
those around the rest of the country, particularly in Western Australia and
Victoria, where costs skyrocketed by more than 6 per cent.
Tiling and paving (up 8.9 per cent) and plastering (up
4.5 per cent) were the only industries that saw significant price increases,
with all other renovation sectors affording great value.
The findings suggest that demand is finally being
matched by strong local supply of skilled tradesmen. However, homeowners are
warned to take advantage of the savings ahead of the state government’s recent
stimulus package, which is set to boost Queensland’s infrastructure and perhaps
put another strain on supply.
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