TRADIE WORK SPIKES WITH HOME RENOVATIONS
Written on the 10 November 2015
QUEENSLANDERS are taking the plunge and renovating their homes in droves, with more than 57,000 renovations at an average cost of $33,000 each in FY15.
Master Builders deputy executive director Paul Bidwell says renewed interest has driven more work than some builders could handle, particularly in south-east Queensland.
"Across the state, renovation activity is patchy, and while SEQ is doing well, there are plenty of builders who are looking for work especially in the regions," Bidwell says.
Bidwell says even larger domestic builders were chasing alterations and additions because that was where the work was growing.
"The move towards renovations has been helped along by record low interest rates," he says.
"Overall renovations have been trending up, with an increase of more than 5000 renovations since last financial year."
The average cost of projects has remained fairly stable, with the average dollar value hovering around the $30,000 mark since 2009.
The most in-demand trades are carpenters, tilers, bricklayers and concreters.