Close to 8.4 million (or around 62%) of Australia’s 13.6 million home owners did some kind of renovation work or repairs in the last 12 months – up from 7.5 million three years earlier.
The research, released today by Roy Morgan Research considered home renovations / improvements done by Aussie home owners between 2013 and 2016.
Topping the ranking for home improvements was minor repairs and alterations, undertaken by just over 5.8 million (43%) of Australian home owners* in the past 12 months, an increase of almost 700,000 people since 2013.
Next most popular was painting: more than 3.7 million home-owning Aussies (27%) painted internal and / or external walls, window sills, ceilings etc, up almost 3.5 million on three years ago.
Shelling out for plumbing and electrical work was also common (3.4 million home owners respectively), while 2.9 million people engaged in more decorative refurbishments such as installing new curtains, carpet or wallpaper, the research revealed.
Ray Morgan Research chief executive officer, Michele Levine said the latest figures show that, over the last few years, an increasing number of Australians are doing renovations or repairs of some description to their homes.
“Meanwhile, Australians in rental accommodation are less likely to be spending on renovations and repairs (generally the landlord’s responsibility,) or even redecorating,” Levine said.
“When they do, the timing and decision-making process are very different, with longer-term tenants being more inclined to make home improvements.
“No doubt, feeling secure in their lease and established in their rental residence would play a role in this.”
Home renovations/improvements done by Aussie home-owners: 2013 vs 2016
The figures revealed that just over 2.2 million home-owners (17%) spent more than $5,000 renovating or extending their home (300,000 more than in 2013) – a figure that rises to more than a quarter (26%) of those who’ve been living at their current address for less than 12 months.
You can read the full report by Ray Morgan Research here.