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Urban.com.au: Prices of tradies drop in NSW, including carpenters

ServiceSeeking.com.au was featured on urban.com.au as we offered insights into the decreasing costs of building, construction, and carpentry.

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In this article, urban.com.au examined recent trends in tradie prices across New South Wales, particularly focusing on carpenters and building and construction services.

The data provided by ServiceSeeking.com.au suggested a notable decrease in prices, indicating potential shifts in the housing market dynamics.

  • The cost of hiring a carpenter dropped by 8.7% compared to the previous quarter, with building and construction services also experiencing a 5.6% decrease.
  • ServiceSeeking.com.au CEO Jeremy Levitt suggests that this decline may signify an impending downturn in the property market, attributing it to reduced renovation activity and weakened consumer confidence.
  • The overall trade services in NSW, spanning eight major categories, have fallen by 2.5% quarterly to $59.28, with electricians being the only exception, having increased their prices by 6.6%.
  • Despite a quarterly increase in the Consumer Price Index of 0.7%, tradies are experiencing downward pressure on prices, with a year-on-year decrease of 2.1% across the eight categories.
  • The data utilised for these insights was gathered from a sample of 52,000 quotes submitted through ServiceSeeking.com.au during the FY17 Q1.

Read more: https://www.urban.com.au/expert-insights/buying/prices-of-tradies-drop-in-nsw-including-carpenters 

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