New South Wales skills shortage16 February 2016 by News Desk
There is a growing shortage of skilled trades-people in New South Wales in Australia and it 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.
With property prices across Australia slowing and in some cases falling, householders in New South Wales 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, CEO 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.
Here’s the average cost of the 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