HERC Index

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

February 2016

Home Extension & Renovation Cost Index

While new residential construction is going through a boom period, major home renovation projects have seen only measured price increases. In fact, there was no increase in the Home Extension and Renovation Cost Index during either February or January. The full 12 month increase sits at 3.7% (and we note that CoreLogic’s RP Index for Sydney shows a change of 9.51% for the same period).

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