Renos bait more buyers

By |

Renovations continue to spur building activity as homeowners pass up new purchases in favour of adding value to their existing homes.

ABS figures show renovation work grew 0.9% in the September quarter to be up 6.3% on last year. HIA acting chief economist Andrew Harvey said renovations were the "shining light" of the building industry.

"This trend of growing renovations is likely to continue not only because Australians love to renovate but also as households increasingly prefer to direct excessive property transaction costs towards improving their existing homes rather than trading up," he said.

New home building, meanwhile, fell 1.5% in the September quarter, and was down 5.2% on the same period last year. Harvey said new home building was on a "consistent downtrend".

Do you have more than $120k in your super fund? You could use your super to buy property - Find out how

Top Suburbs : millner , bligh park , alexandra hills , freshwater , north lambton

go back

Get help financing your investment



Do you need help finding the right loan for your investment?


When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here