After taking a 2.5 per cent drop at the start of the financial year, tradie prices in NSW are back up 9 per cent to kick off 2017.
The quarterly Tradie Price Index released today by jobs website ServiceSeeking.com.au, reveals a significant hike in the cost of hiring a tradie in NSW. The weighted average hourly rate currently sits at $64.46, over $5.00 more expensive than the previous quarter.
“Housing affordability in NSW is becoming increasingly dire and we’re seeing less and less properties on the market. It only makes sense that people are choosing to renovate rather than upsize to a new place” says ServiceSeeking.com.au CEO Jeremy Levitt.
So, as demand in the renovation sector grows and prices rise, which tradie can you expect to pay the most for in 2017?
Plumbers still take the prize as the most expensive tradie, charging on average $70.46 per hour, up 5 per cent on last quarter.
Electricians take out second place across the state, with an average hourly rate of $75.43, a price which has increased by 7.2 per cent since last year.
Landscapers ($70.46) and Painters ($50.49), however, are the ones to watch this year, both recording huge hikes in the last quarter of 14.2 per cent and 13.2 per cent respectively.
While most trades are looking towards a prosperous 2017, it appears that carpenters shouldn’t be so confident. The only trade to record a loss since last quarter (-1.8 per cent), chippies are feeling the pinch after recording a massive 18.5 per cent drop in hourly wage since last year. Weighted average hourly rate sits at $56.37.
Hourly rates are “gross” rates and aside from including the cost of labour, also cover the cost of running the business including insurance, tools, work vehicles, insurance and superannuation.
The prices were derived by comparing a sample of 52,000 quotes submitted during the FY17 Q2 through ServiceSeeking.com.au, the website for getting any job done from tradies to professional services.
To view price changes across eight popular renovation services around the country, including major capital cities, see www.serviceseeking.com.au/renovations
|NSW Average Hourly Rates||2017FY Q2||2017FY Q1||% quarterly change||2016FY Q2||% year-on-year change|
|Building & construction||$64.48||$61.05||5.6%||$70.49||-8.5%|
|ALL TRADES AVERAGE||$64.46||$59.12||9.0%||$62.92||2.4%|