Victorian’s to splash $279m after May lockdown reno spree: ABS

Generic image of home decor renovation. Woman applying glue to wallpaper as man stands on ladder sticking wallpaper to wall.

Victorians have been subjected to more lockdowns than any other state and had the highest number of home renovation approvals in May.

Big spending homeowners in Melbourne’s affluent inner east and Mornington Peninsula have helped drive an almost $280m lockdown construction boom in Victoria.

Point Nepean, Albert Park, and households in the Malvern-Glen Iris area were the state’s biggest spenders, with property owners spending between $46.3m and $61.8m in home upgrades across the 11 months to May.

Australian Bureau of Statistics data analysed by Ray White economist Nerida Conisbee shows $279.4m worth of home renovation and alteration works averaging $106,916 each were approved across the state in May.

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Victoria leads nation’s home approvals in May: ABS statistics





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About 29,700 home addition or alteration works were approved in Victoria last year.

In the year to May, 29,700 jobs were given the green light, with about 2600 ticked off in May alone.

The state was the nation’s top performer in terms of total approvals, despite going into its fourth Covid-19 lockdown on May 27.

Ray White chief economist Nerida Conisbee said Victoria’s lockdowns had resulted in a 20 per cent up tick in the number of DIY and home renovation jobs by tradespeople across the state last year.

BN IOD generic renovations pic Couple hanging a lamp in new home

More than $279m worth of projects were given the green light across Victoria in May alone.

Renovating was a viable option for those who found themselves couped up inside and who wanted to maximise their space or comfort without the stress of moving, she said.

“People are stuck at home and they are looking at everything a lot more closely; they want more space, they have the spare cash,” Ms Conisbee said.

“It can make it far more cost effective to add a new kitchen or a bathroom rather than buy a new home.

“Even a fairly small renovation can dramatically improve the liveability of a home and it is quite hard to overcapitalise because prices have surged so much.”

Renovation at home - man preparing the paint for second coat

Ray White chief economist Nerida Conisbee said people were spending more time at home due to lockdowns and wanted to make the space more comfortable.

More than 116,000 home alteration and addition projects were signed off across the country last year, the highest number recorded in a 12 month period.

In May the total value of approved works nationally amounted to almost $1b, according to the ABS data.

The figures come as Master Builders Victoria confirmed on Monday positive cases of Covid-19 had been detected in the state’s building and construction sector.

Supplied Real Estate Home mag: HIA Home Show - generic building shots, kitchen, contractor

Renovating was also a good alternative for homeowners who wanted to maximise the amount of room they had at home without having to move.

A Multiplex site was under Department of Health outbreak management after an infected consultant engineer visited three of the company’s CBD worksites late last week.

Employees at the West Gate Tunnel Project were on alert after a V/line staff member visited the site on Thursday and later tested positive.

Multiple Lendlease worksites at HMAS Cerberus have also been declared exposure sites after a serving naval officer returned a positive test result.

And maybe we should put something up here...

Almost $1b worth of home alterations and additions were approved across Australia in May.

MBV chief executive Rebecca Casson said there was little to no risk of cross contamination at the Multiplex and West Gate project sites, and Lendlease’s sites were expected to be cleared to resume work later today once contact tracing was completed.

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