ACT residents need to allot a bigger amount for renovations and extensions this year. ServiceSeeking.com.au's latest data revealed that the average cost of renovations and extensions in ACT rose by 25% over the past financial year. From $50/hr in FY14, average renovation prices are now at $62.50/hr.
Budget and premium rates of renovation experts also recorded an upward movement. Budget renovations services now cost $55/hr — a 10% increase from last year's budget rate. Meanwhile, premium prices of renovation services went up by 8%, so they're now at $70/hr.
Other states saw an upward trend in the average prices of renovation services as well. Tas had an 11% price jump, while NSW and SA both recorded a 10% price hike. Meanwhile, WA had an 8% increase. Vic and Qld, however, retained their average rates from FY14.
Renovation businesses are ready to quote within hours after you post your job. You can expect as many as 12 quotes from different renovation experts, so you can surely find the best deal for your money.