Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Good time to renovate: HIA

By Staff Reporter
29 July 2009 | 1 minute read

Trade contractor prices have eased thanks to an influx of skilled tradespeople, the Housing Industry Association’s (HIA) Austral Bricks Trade report has found.

Advertisement
Advertisement

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

Good time to renovate: HIA
default
lawyersweekly logo

Tags:

Listen to other installment of the Real Estate Business Podcast

 

Do you have an industry update?

top suburbs

12 month growth
Queenton
69.76%
Flying Fish Point
69.61%
Point Piper
69.17%
Glenelg South
69.02%
Pretty Beach
69.01%
Bar Beach
68.9%
Northampton
68.7%
Kembla Grange
66.91%
Boomerang Beach
66.67%
Gnarabup
66.67%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.