“Brisbane homeowners are pouring millions of dollars into renovating their properties, taking advantage of historic low interest rates and rising property values.
The latest building approval data from the Australian Bureau of Statistics showed Brisbane spent $206.6 million on home renovations during the June quarter alone, a 16.3 per cent increase on the previous quarter.”
The article also revealed the top 10 suburbs for renovation spending:
- Norman Park
- Holland Park
The variety of these suburbs ultimately displays the diversity of the market within the expanse of Brisbane’s ever-growing city.
Many people looking to buy would prefer a renovated house, because they desire modern kitchen and bathrooms, as well as a general updated look of the property.
For more information, take a look at the full article: