Reno costs show small slide
But carpentry, building rates surged
A NEW report reveals that renovation costs in Queensland fell by 0.35% year-on-year, beating the national average increase of 1.48%.
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 Q2 FY16 versus the prior year.
To support the release of the RCPI, ServiceSeeking.com.au has created an interactive map that plots price changes across 10 popular renovation services in Queensland year on year – www.serviceseeking.com.au/renovations/qld.
Landscaping, plastering and painting were among the popular renovation industries to experience a significant price drop, respectively decreasing by 5.92%, 3.97% and 0.78%.
“Steady growth and demand for tradesmen kept the home renovation market in Queensland roughly in line with average prices charged across Australia,” said CEO Jeremy Levitt.
Although there was a decrease overall,
...there are still opportunities for homeowners to renovate at fair prices
CEO Jeremy Levitt
Queensland homeowners found they were still paying 5.4% more than Victorians.
The cost of hiring a concreter rose by 22.4% compared to the same time last year, rising to $65.82/sq m.
Carpentry and building rates also increased, surging by 10.41% and 1.8% respectively.
“While there is a shortage of skilled tradesmen in some services in Queensland causing prices to rise, there are still opportunities for homeowners to renovate at fair prices,” Mr Levitt said.
With more than 1.96 million jobs listed on ServiceSeeking.com.au to date and over 6.8 million quotes compared, the latest findings provide a strong indication of renovation costs.