HERC Index

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

June 2014

Home Extension & Renovation Cost Index

The HERC Index for June 2014 reflects an increase of 0.1%, attributable to rising window and door prices from a key supplier who quoted “significant increases in the price of aluminium and glass”. This latest upward movement of the Index brings the full financial year increase to 2.6%.

With the Housing Industry Association (HIA) forecasting a 5.7% increase in NSW home renovations activity in 2014-15, continued strong demand for construction (see previous month), and Cape Cod’s own internal figures pointing to strong demand for major renovations, we expect further increases in the HERC Index in future months.

*Source link: https://www.hercindex.com.au/uploads/HIA-forecasts-May-2014.pdf

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