Renovation projects are at an all-time high in Brisbane, with Paddington, Camp Hill, and Bardon taking the top three spots for having the most renovations done in the last nine months, following the reduction of development fees.
Across the city, some 2,000 renovation projects have reportedly been undertaken, driving more demands for tradies and boosting the building and construction industry during an economically challenging period as a result of the COVID-19 lockdowns.
Brisbane Lord Mayor Adrian Schrinner said that various residents across 150 suburbs, especially from Paddington, Camp Hill and Bardon, as well as Pallara and Bulimba, have enjoyed the renovation discounts launched by Brisbane City Council in July 2020.
“It’s all part of my Council’s plan to support Brisbane residents and boost local business when they need it most,” the mayor said.
Mike Roberts of the Housing Industry Australia Queensland said the Council’s initiative was a big win for the economy, the tradies who still have jobs, and for the homeowners. As residents are spending more time at home due to their new work-at-home set-ups, they’re also taking on home improvement projects.
Among the most common renovation projects were adding more rooms to the house, modifications in the carport, installing a pool or deck (shared living areas), and adding a shed in the backyard.
Here’s how the suburbs have stacked up with renovation projects from mid-2020 to mid-2021:
|SUBURB||# OF RENOVATION PROJECTS|
Realestate.com.au reports that the renovation boom is also happening across the country with a national average cost of $63,188 per project. In Queensland, the average renovation project cost is $60,560.