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