The cost of renovating your home in Queensland has dropped one per cent so that it’s now the most affordable state in which to renovate, according to a new report.

The Renovation Consumer Price Index (RCPI) is a quarterly report released by ServiceSeeking.com.au analysing 52,000 quotes submitted by tradesmen on the website. The latest RCPI compares the cost of renovating in the fourth quarter of FY15 versus the previous year.

To support the release, ServiceSeeking.com.au has created an interactive map that plots price changes across 10 popular renovation services in Queensland year on year.

“The interactive map shows the cost of renovating a home in the sunny state has dropped by one per cent quarter-on-quarter,” CEO Jeremy Levitt says, while the national average has risen 3.9 per cent.

“In the past, Queensland’s been Australia’s most expensive state to renovate so the news comes as a pleasant surprise for many homeowners,” he adds.

Prices in Queensland were overwhelmingly cheaper than those around the rest of the country, particularly in Western Australia and Victoria, where costs skyrocketed by more than 6 per cent.

Tiling and paving (up 8.9 per cent) and plastering (up 4.5 per cent) were the only industries that saw significant price increases, with all other renovation sectors affording great value.

The findings suggest that demand is finally being matched by strong local supply of skilled tradesmen. However, homeowners are warned to take advantage of the savings ahead of the state government’s recent stimulus package, which is set to boost Queensland’s infrastructure and perhaps put another strain on supply.

Source：http://www.apimagazine.com.au/api-online/news/2015/08/home-reno-costs-are-down-in-queensland