HERC Index

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

November 2013

Home Extension & Renovation Cost Index

While there is little in the way of change compared to the previous month, we have received notice of input price changes that will have an impact on our December index.

HIA’s November 2013 Forecast for Housing Renovations activity shows an expected lift in 2013/14 of 3.5% nationwide (NSW 2.9%) from prior year, however this is coming on the back of a decline in 2012/13 of 6.9% (NSW 5.9%). Source HIA. We anticipate that price movement will be in line with overall CPI for the remainder of 2013/14.

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