Compare House Extension & Renovation Costs

The Home Extension & Renovation Cost index

Brought to you by Cape Cod Australia

HERC Index

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

HERC Index

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

September 2020

Home Extension & Renovation Cost Index

The latest HERC Index data shows that the cost of a typical home addition remained stable during the September quarter.

There is renewed activity in the market, however, with ABS statistics showing renovations and home improvements up 5.1% over the same period. Additionally Domain reports that, “Australians have jumped at the chance to improve their homes during the coronavirus pandemic, with [average] renovation value across the country hitting a four-year high”.

 

Source:
www.abs.gov.au