Finding a tradie could soon become a whole lot easier. Here's why
January saw the largest monthly increase on record with more than 5,000 tradies signing up – a significant jump from the typical rate of 3,000-3,500 new registrations per month.It comes as an industry expert warns of an impending slowdown in the construction industry.
“The area that concerns us is that lending for the purchase and construction of a new home is now 64 per cent lower than what it was in January 2021 and we haven’t yet seen the full impact of last year’s cash rate increases,” he said.He said there was still double the average amount of construction work on the ground to cover the industry until the slowdown hit – the severity of which would be largely determined by the speed and size of further rate hikes.
“Every rate increase is going to make that goal harder and exacerbate the inequities that come with house price cycles we’ve seen over the past couple of years.”Hipages co-founder and CEO Roby Sharon-Zipser said the hipages figures suggested a return to a more balanced market after a period of high demand.
He said the data showed that tradies were more responsive in providing quotes, with the number of returning customers also increasing from 14 per cent to 25 per cent.
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