The below article is an extract from Issue 4 of the Renovation Report. You can download the full report for free here.
Australia is experiencing a property boom with record prices being achieved at sale in key markets. As the value of homes are increasing, the opportunity to access equity in the family home as well as record low interest rates are underpinning a surge in renovation activity with the HIA announcing, ” 2021 is the year of the renovation“.
Research from the Australian Bureau of Statistics revealed growth across all Australian capital cities in the quarter ending December 2020. In fact, during this period, residential property prices rose 3.6% which is the first time that all capital cities experienced an increase since 2014.
Selecting a project for your home renovation project should take a number of factors into consideration and before you commit to a DIY or home improvement project, you should assess your personal situation against these key renovation project planning things to consider;
There are a number of ways that you can pay for your a renovation to your home.
While borrowing costs are already low, many homeowners now enjoy the luxury of being able to tap into their home’s equity given the property value increases experienced across many key real estate markets. Subject to your personal circumstances, the value of you home and amount owing, it may be possible to leverage the wealth created in your existing property to fund a renovation.
Choosing where to start your home renovation project can be one of the hardest questions, particularly if you own an older home that could benefit from a number of projects. For many, it is useful to have renovation ideas and examples of home improvement projects that add value that you can refer to. This can help ensure you stay on track with the designs and styles you liked once the project gets underway,
Research by Houzz Australia indicates three top projects are renovations to the Outdoor area (30% of respondents), the Kitchen (26%) and the Bathroom (24%). While inside projects like kitchens, bathrooms, living areas and media rooms will always be popular due to the fact they are high use and therefore, can be high value to your lifestyle, investing in the outdoors is a popular option for first time renovators as well as more experienced renovators who have already ticked off other projects.
“Outdoor projects like entertaining areas, patios, alfresco dining, outdoor kitchens and sprucing the front yard are great DIY project ideas that can help improve your home” says landscaping expert and award winning landscape designer Jason Hodges.
According to Jason Hodges, there are four key DIY projects that can; add value to your home, significantly improve your lifestyle, and can transform your wasted spaces into money makers. Options for homeowners with growing equity who may be considering a renovation as well as the top four projects are covered in detail in issue 4 of the Renovation Report.
The full report contains detailed information and all sources which have been referenced in this extract. References and links to articles cited in this report can be found on the last page of the report.
This selection helps us to optimise your viewing experience, providing you with information and product relevant to your state.
Adbri Masonry products are manufactured and sold in Australia.
For commercial and infrastructure sales inquiries in the Pacific Islands or South East Asia.
Please email: firstname.lastname@example.org
For all other regions, please consult a local concrete paving manufacturer.Go To Website
Adbri Masonry products are
not available in WA.
A limited range of Brighton Masonry products are available through
For general WA requestsClick Here
Adbri Masonry products are not available in NT.
A limited range of Brighton Masonry products are sold available through Bunnings Warehouse.
For general NT requests