Compare House Extension & Renovation Costs

The Home Extension & Renovation Cost index

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HERC Index

Source: Cape Cod Australia

May 2014

Home Extension & Renovation Cost Index

The HERC Index reflects a nominal increase of 0.07% during May.

Looking forward, the Housing Industry Association (HIA) believes there is still momentum for growth in Sydney and Melbourne housing prices (view the conversation here). If strong construction demand does continue, this will likely underpin input costs and therefore ensure the Index remains steady or indeed rises over coming months.