In this article, we delve into the current dynamics of the construction and renovation industry in Brisbane, where builders are facing a significant pressure to adjust their rates in response to market competition.
The article highlights insights from a national audit conducted by ServiceSeeking.com.au, shedding light on the changing landscape of trade rates in the region.
- Builders in Brisbane are experiencing a 6% drop in rates compared to the previous year, making it an opportune time for construction or renovation projects.
- ServiceSeeking.com.au's audit reveals Brisbane as the only capital city with a decrease in average hourly rates for building and home renovations.
- Increased competition in Brisbane's market has led to a reduction in prices, making it favourable for potential projects.
- Despite the price drop, Brisbane remains the second most expensive capital city for construction and home renovation, with Perth topping the list.
- Various trades in Brisbane, such as flooring and landscaping, exhibit different pricing trends, with plumbing being the highest-paid trade.
- Industry experts and practitioners emphasize the importance of proper accreditation and licensing to ensure quality workmanship and adherence to regulations.
Read the full article here.
