RENOVATION BOOM DRIVES HUGE TRADIE DEMAND AMID SHORTAGE

Tradies are in high demand and short supply as Australians spending more time at home during the pandemic drive a renovation boom.

Australians have been spending record amounts on renovations, with PropTrack senior economist Eleanor Creagh saying COVID has driven an ongoing reassessment of lifestyle wants and housing needs.

“Home renovations have boomed nationwide as more time spent at home combined with ultra-low loan rates, government grants and improved household savings became the perfect combination of factors to drive heightened demand for renovations,” Ms Creagh said. Ms Creagh said the pandemic-induced shift in lifestyle wants has been one of the biggest shifts ever seen when it comes to housing preferences. “We have all been forced into our homes for much more time, international borders have been shut and this has seen many reassessing their housing needs and preferences.

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