Renovations set to be Australia’s next construction boom.
The latest Housing Industry Association report predicts that home renovations will become an increasingly important aspect of the residential building industry in the coming years.
The report indicates that 2016 became the strongest year since the end of WWII for new home building commencements, however this trend may be set to decline over the next few years.
Victorian training institution Builders Academy Australia, which was recently announced as a finalist for Victorian Small Training Provider of the Year, is delivering training to students resulting in the skills required for a range of Building and Construction roles including how to complete a high quality residential renovation.
Andrew Shea, CEO of Builders Academy, believes training for residential renovation is important for any young builder learning their trade.
“We’re excited to hear about the HIA’s prediction on home renovations,” he says, “Builders Academy is always reviewing the way it trains student to ensure that delivery reflects the trends of the industry and required future workforce skills.”
Renovations already account for around one third of the Australian residential building industry, and the HIA report predicts this number to increase over the next few years.
By the end of this decade renovations could possibly represent 42 percent of all building industry activity. With the increase in construction of semidetached homes in between 1985 and 1995 it is predicted that these homes will soon become the target for refurbishment.
This, along with extraordinarily low interest rates and large home equity windfalls in Melbourne and Sydney, it is believed that the demand for renovations is set to steadily increase.
Shea says that the increase in demand for renovations is exciting news for the Victorian construction industry and that Builders Academy looks forward to continuing delivering training that meets this industry demand.
“We’re always excited to provide training that we know aligns with current and future industry needs.
“Looking back on the awesome job you’ve done renovating a home is one of the most rewarding aspects of being in the construction industry.
“We here at Builders Academy are happy to train our students on the necessary skills of providing high quality home renovations.”