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Renovations to rise as house flippers start to emerge

Nearly half of Australian homeowners recently surveyed say they intend to renovate a property in the next 12 months, as owner-occupiers give their homes a fresh look and investors undertake remodelling jobs to cash in on rapidly rising house prices.

Renovating a home with a spiral staircase
The pandemic has given many Australians the time and motivation to undertake big renovation jobs. Photo: Shutterstock

Nearly half of Australian homeowners recently surveyed say they intend to renovate a property in the next 12 months, as owner-occupiers give their homes a fresh look and investors undertake remodelling jobs to cash in on rapidly rising house prices.

Research from Houzz showed 48 per cent of more than 2,000 homeowners surveyed said they were planning a renovation in the next 12 months, while the median spend on home renovations over the past year…