HERC Index

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

August 2013

Home Extension & Renovation Cost Index

Our calculations show the costs of a typical major home renovation project increased just 0.07% during August 2013, bringing the total rise for the past 12 months to 5.18%.

As at 31st August the HERC Index therefore stands at 105.4.

Readers should note that the August increase is derived from a review of our pricing formulae, i.e. not because of price changes to inputs.

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