Renovation demand Australia. / News

New build home starts are down all across Australia
Urban planning

The Australian home building industry is seeing a drop in new builds and a boom in renovations

...renovation projects are booming like never before. Spending on energy efficiency upgrades and renovations accounted for 34% of the market in 2018, and now at the end of 2024 it’s up to 40%! “For every nail hammered and brick laid in residential construction in Australia, 40% of it is going into renovating a pre-existi...