Home Extension & Renovation Cost Index
In good news for those contemplating a home renovation or extension in Sydney, the HERC Index again shows no increase for September 2015. However, based on recent reports, there is potential for expansion in building activity to place upward pressure on prices in coming months. Such price movements will largely be driven by availability of tradespeople and allied staff (e.g. estimators and site managers).
Whether or not these rises are offset by softening commodity prices remains to be seen. We look forward to updating you accordingly in future HERC Index reports.