Demand For Tradies Booms

A surge in renovations by cashed-up Australian home-owners is behind a massive increase in demand for tradies.

Tradie website Hipages is forecasting $34 billion worth of tradie jobs in the next six months as people spend on improving their homes. It says 39% of Australians saved more than usual during lockdown, with an average of $800 a month going into savings. Of those home-owners, 64% plan to do work on their homes.

Non-executive chair Chris Knoblanche told the Hipages AGM there was an “unprecedented” demand for tradies in Australia. He says the renovation activity is underpinned by rising home values and strong household liquidity.

“We continue to spend more time at home and, as property values rise to record levels, discretionary spending on the home has increased in step,” Knoblanche says.

He says demand for renovations and new homes, causing material shortages, has resulted in increased building costs which went up 3.8% in the September Quarter.