Tradie Shortage in N.S.W. affects house prices!
If you thought you were paying more for the services of tradespeople, you were right, according to a Housing Industry Association (HIA) report that shows tradies remain in short supply and prices continue to rise.
The price of home building trades climbed
HIA says that across Australia the price of 13 key home building trades climbed 0.4 per cent over the March quarter to be up 3.4 per cent over the year. The trades seeing the largest annual price climbs were ceramic tiling (10.4 per cent), roofing (9.9 per cent), ‘other trades’ such as maintenance and repairs (9.5 per cent), bricklaying (8.6 per cent) and plastering (8.2 per cent).
The price reflect skill shortage
The price increases reflect a continued skill shortage in the trades, according to HIA chief economist Harley Dale. Quarterly trade prices increased 6.8 per cent in regional Queensland, 5.7 per cent in regional Victoria, 5.2 per cent in regional New South Wales, 2.9 per cent in Adelaide, 2 per cent in Brisbane, 1.8 per cent in regional South Australia and 1.5 per cent in Sydney, HIA reported. Prices fell 5.7 per cent across Western Australia and were down 0.9 per cent in Melbourne.
As your Managing Agent, we continue to work closely with our key Tradespeople and in turn we are fortunate to have quality Contractors who provide trade work at competitive pricing. However in some trade areas we have experienced delays simply due to the supply and demand of particular trade work eg qualified carpentry or building and fencing. We strive to minimise delays for our Clients with constant follow-up and sourcing of other suitable Contractors.
About Jhai Mitchell
Jhai is an award winning Internet Marketing Real Estate Agent for Elders Toongabbie and Kings Langley. After running his own internet marketing business he has now set his own sites for the real estate industry. He observed that 90% of real estate agents did not know how to market themselves online. Jhai is now fixed on one goal. To teach real estate agents that they can market online so much better than they currently are.
Since then he has been consistently quoted in the Sydney Morning Herald and Real Estate Business online. He is a regular guest blogger on TheHomePage.com.au, sharing his expertise of marketing aspects for the Real Estate Industry. His biggest passions are his wife, martial arts, dogs and most of all property.