Trade contractor prices have eased thanks to an influx of skilled tradespeople, the Housing Industry Association’s (HIA) Austral Bricks Trade report has found.
The report, released yesterday, also showed trade rates were coming off the boil, relieving price pressure for renovators and home buyers alike.
Better consumer rates for renovation and building work could help spark increased refinancing business for brokers.
The HIA-Austral Bricks Trades Price Index eased by 0.2 per cent in the June 2009 quarter to be down by 2.9 per cent in annual terms.
“This evidence of an easing in prices and a freeing up of trades people confirms that 2009 is a good time to engage in renovating an existing property or building a new home,” HIA’s chief economist Harley Dale said