HERC Index

Source: Cape Cod Australia www.capecod.com.au

May 2018

Home Extension & Renovation Cost Index

Home addition costs increased just marginally this month (0.2%), on the back of a 5.5% increase in the price of bricks.

The below chart compares changes in the cost of home renovations with the recently updated March Residential Property Price Index (RPPI) for Sydney.

Whilst not the only consideration, of course, the chart suggests that a strong ROI for home renovation work has been available during this period.

Sources:
https://abs.gov.au (RPPI) and hercindex.com.au

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