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

March 2020

Home Extension & Renovation Cost Index

The HERC Index rose by 1.74% in the three months to March. Main contributors were:

  • Polystyrene (improved product for better bushfire protection)
  • Price increases for aluminium windows, and
  • Increased¬†engineering certification requirements.

As the comparison chart shows, both the HERC Index and Residential Property Price Index outpaced the Consumer Price Index significantly in the last half of 2019.

 

Source:
www.abs.gov.au