And there is more good news to come...

Although the HomeBuilder scheme closed at the end of March 2021, it is not the end of the renovation boom in New South Wales. In fact, prospects remain bright for the home renovations market for several reasons.

Sydney house prices rose by 26% over the year to August 2021, with similar gains in regional NSW. This has been a huge boost for home renovation demand in NSW and investors are cashing in.

In the three months to July 2021, the average value of each home renovations job approved in NSW was $163,445. For jobs in the $150,000 to $750,000 range, the average approval was valued at $304,800 during the three months to July 2021. The total value of home renovation approvals in NSW was $981.5 million in this same period. This was 44.4% higher than a year earlier. (Source: Master Builders Australia, September 2021)

According to Master Builders Australia Chief Economist Shane Garrett, “the sale of an older house is often a trigger for renovations work by its new owners. Current turnover in the NSW housing market is very high compared with historic norms. There is strong evidence that detached houses in the 30 to 35 year age group receive a disproportionately large amount of renovation work. Because record numbers of new detached houses were built in NSW during the late 1980s, there is likely to be a large number of homes in need of renovations work over the next few years.”

The increased demand for home renovations provides a great opportunity to start a new business or expand your existing business. Master Builders Education and Skills now has a brand new online renovation pathway to offer you, and you get to choose. We have transformed the way we deliver our Kitchen, Bathroom and Laundry Renovation pathway. It’s online, but not as you know it. Now with even more flexibility, we give you the choice.

THE NEW ONLINE PATHWAY – YOUR WAY

The new online Kitchen, Bathroom and Laundry Renovation pathway includes 4 two-hour optional online tutorials, with a practical one-day workshop. The difference is you get to choose to attend the practical one-day workshop or provide us with video and photographic evidence.

The one-day workshop is designed for you to demonstrate your skills in fabricating and installing furniture. Upon successful completion, you will achieve a Statement of Attainment for the units of competency completed from the MSF31113 Certificate III in Cabinet Making qualification. This meets part of the educational criteria required by Fair Trading NSW towards the renovation licence.

Key benefits of this program include:

• Online learning from the comfort of your own home or office
• The program is designed to be completed within 3 months
• Be supported by our industry expert trainers and customer service team

To apply for the new online program please visit our website or call us on 02 8586 3588 for more information.