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How Much do Australians Spend on Home Renovations?

Jun 10, 2016

Home renovations are popular in Perth and across Australia. We have always been proud of our homes but the proliferation of home improvement shows on cable television seems to have thrown the industry into a higher gear than before.

According to the Australian Bureau of Statistics (ABS), Australian homeowners spent more than $76 million on home renovations during the 2015-2016 financial year. In the Perth metro area, homeowners spent $446 million, while regional WA spent $136 million for a total of $582 million. Victoria ran up the biggest total, spending $2.15 billion.

Spend Your Home Improvement Dollars Wisely

If there is a dark side to this trend, it’s that a lot of DIY projects don’t work out as originally planned. It takes a lot of work and talent to do the job right. We know there’s nothing like feeling the pride that a successful home improvement project can bring. However, there is a point at which it’s better to bring in professionals.

Why Home Renovation is so Popular

Land blocks are getting smaller and smaller because land is becoming more expensive. The housing market is becoming more and more volatile every day. Many families find themselves needing more space because they have “outgrown” their homes.

For many situations, the most efficient and cost-effective option is to either build up with a second storey addition or build out with a home extension. Why go through the hassle of selling your current home, buying a larger home and moving when you can just turn your current home into a larger home?

Sometimes, we just get a little bored with our lifestyle and surroundings and want a little change. Maybe it’s time for a nice alfresco area to entertain guests and relax with BBQ and your favourite beverage.

Best Home Renovations in Perth?

If you have a home renovation project, call the professionals at Next Level Extensions. Let us show you why so many Perth homeowners have given us so many testimonials. Call us today: 1300 948 094.

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