Interest rates are low, the property market continues its upward trend and homeowners are ready to renovate.
It’s no news that the property market is big business across Australia, but it may surprise you how many of us are keen to get stuck into renovating.
One in four (26 per cent) plan to renovate their home in the next year according to a new survey by ServiceSeeking.com.au. That’s a lot of plumbers, painters and carpenters needed across Australia so it’s a great sign for the buoyant renovation trade sector. And more than half of all homeowners (54 per cent) have renovated in the past, so we really are a nation in love with the idea of renovating.
With the success of renovation television programs such as House Rules, The Block and Selling Houses Australia, more Aussies are taking the plunge to redesign their own homes.
“Renovating is big business at the moment. Homeowners love to update, experiment and change their surroundings so there is always plenty of work around for tradies,” says ServiceSeeking.com.au CEO Jeremy Levitt.
“And with the property market continuing to soar, the rewards will be in not only the satisfaction a newly renovated space brings, but in the monetary rewards should they be renovating to sell.”