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1.Market Observations

27 Jun 2014 (AFR) – House renovations tipped at $28b – Renovation activity on the rise: HIA

(27 June 2014, AFR, p9, Larry Schlesinger)

‘Low interest rates and rising house prices have seen the home renovation market rebound, with spin-off economic benefits for small building firms, DIY stores, building materials ­suppliers, retailers and manufacturers. The Housing Industry Association expects homeowners to spend $28.6 billion on renovations this financial year, up 1 per cent on last year when the value of renovations…’

Read more at AFR.com (might need AFR login access)

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