New South Wales skills shortage
08 May 2016 by News DeskNew South Wales is experiencing a shortage of skilled trades-people and this has led to a big increase in the cost of home improvements.
New South Wales has a shortage of carpenters and general builders to meet the growing demand for home improvements and residential building projects.
New South Wales: With property prices slowing and starting to fall, householders are now seeking to add value by improving their homes. But this has created a shortage of key trades-people and the cost of renovation work has increased.
Across the country home renovation costs have risen by around 1.5% in the past year. But in New South Wales, where the skills shortage is greatest, costs have risen by 8.11%.
“If you are a skilled carpenter, builder or concreter there is no shortage of work in Australia and New South Wales in particular,” says Darrell Todd, founder of thinkingaustralia.
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Across NSW the average tradesman charges $64.09 per hour making it the second most expensive in the country to renovate a home.
The cost of Carpentry has increased by 26% while builders’ prices have risen 18.48%. The price of electrical work has increased by 1.23%, while cost of concreting has risen by 3.18%.
Western Australia remains the most expensive State to renovate a home with trades costing around $65.03 per hour.
In Queensland the cost of home renovations is around $62.09 per hour, close to the national average of $62.33 per hour. Victoria is the cheapest place to renovate a home with costs at $58.91 per hour.
Average cost of most popular home improvements across Australia, according to ServiceSeeking.com.au
Kitchen Renovation – $14,000-$18,000
Bathroom Renovation – $10,000-$13,000
Adding a new room – $19,000-$25,000
Deck or patio – $2,000- $9,000
Learn more about New South Wales: Visit NSW
