The cost of renovating in Queensland is up 4.7 percent on last quarter and a massive 12.1 percent year on year, indicating that the sunshine state’s home renovations market is set for a strong 2017.
The quarterly Tradie Price Index released by ServiceSeeking.com.au reveals that tradie prices in Queensland sit 5.7 per cent above the national average, with positive yearly growth across all trades except carpentry and electricians.
“Queensland, particularly around the Gold Coast and fringe suburbs of Brisbane, is experiencing a lot of buyer activity at the moment. For property owners and investors, now is the time to renovate and sell up,” said ServiceSeeking.com.au CEO Jeremy Levitt.
“Unfortunately, that means Queenslanders will have to pay the price if they want a skilled tradesperson”.
So, which tradie can you expect to pay the most for in Queensland in 2017?
Plumbing is still the king of all trades, charging an average hourly price of $85.05, up 13.8 percent year on year.
Landscapers also remain one of the most expensive tradies in the state, recording a 10.2 percent hike in hourly price over the past year. Weighted average hourly price is $77.77.
While electricians once held a steady third place, this quarter the building & construction trade has knocked them out of the water.
“The hourly wage of a builder has risen by 25.7 percent, around $15 more per hour since last year. It’s a great time to be a builder in Queensland,” says Levitt.
Hourly rates are gross rates and aside from including the cost of labour, also cover the cost of running the business including insurance, tools, work vehicles, insurance
|QLD Average Hourly Rates||2017FY Q2||2017FY Q1||% quarterly change||2016FY Q2||% year-on-year change|
|Building & construction||$75.94||$69.73||8.9%||$60.43||25.7%|
|ALL TRADES AVERAGE||$69.93||$66.78||4.7%||$62.39||12.1%|