HERC Index

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

July 2014

Home Extension & Renovation Cost Index

The HERC Index for July 2014 remains steady, with no discernible increase over June figures. While this is good news for consumers, data from the Housing Industry Association (HIA) shows that building approvals continue to be strong – which experience says will eventually translate to an increase in prices. We expect to see these increases reflected in future HERC Index updates.

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