With the continuous growth of the Australian economy, homeowners have seen the rise of their properties’ value in the recent years. But instead of purchasing a larger house someplace else, most Aussies choose to stay at their current address and make improvements in their existing homes. In fact, the renovation has become one of the household’s biggest spendings. The following infographic shows the statistics and the solutions as to how to reduce home improvement costs.
According to the infographic, the approved residential renovations and conversions in August 2014 worth $600 million. What is more, renovation spending reached its all-time peak in early 2012 with Victoria and New South Wales leading the way.
The infographic also provides some home renovation fun facts. For example, the most popular motivation for renovation is to make the home comfortable. Besides, among the most commonly renovated rooms are bathroom and kitchen. Check out the full infographic below.
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