The renovation industry in Australia plays a critical role in meeting the demand for sustainable and innovative home improvements. In 2022, the industry generated $34.8 billion in revenue and employed over 250,000 professionals, contributing significantly to the country's GDP. This article explores the factors contributing to the growth and success of the renovation industry in Australia, key trends, challenges, and future outlook.
The George on Collins is a Melbourne establishment. Located on Collins Street in the heart of the CBD, The George on Collins is a popular after work venue for city corporates. After transitioning from The Longroom in 2016-17 the venue has delivered corporate functions, after show parties and personal celebrations. The interior of the venue oozes sophistication and therefore attracts likeminded guests, whether it be for a midweek dinner or cocktails for the weekend. Being the former Longroom venue, the business has undergone extensive renovations and rebranding, reopening as The George on Collins. We reopened in June 2017 after several months of renovations. Like the Longroom, we have a sharing based concept of our food however we are now dedicated to all day lunch and dinner available with a strong focus on our late nights. We want customers to feel like they can come here to eat, drink and party. Our guests dress the part when they visit us, we embrace our heritage of the best cu…
KEN HALL PLUMBERS
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+61 8 8364 5855 service@kenhallplumbers.com.au
Recognised as an industry leader in trade service maintenance, Ken Halls team of qualified and licenced Plumbers, Electricians, Gasfitters, Roofers, Tilers, Trades & Bathroom Renovators service the greater Metropolitan Adelaide area 24 hours a day, 365 days a year. Founded in 1983, the Ken Hall brand is built on the practice of prompt, reliable trade services which to this day remains a key aspect to our success. Today we have 90+ vehicles utilised by our highly qualified staff to handle all areas of trade including domestic, commercial. facilities maintenance and property management. Our experienced commercial technicians provide support for some of Adelaides leading companies servicing hospitals, multi-story buildings, offices, retirement villages, strata groups, schools, shopping centres, shop fit-outs, golf clubs, hotels and more. Ken Hall is proud to be the preferred Property Management service provider for many of Adelaides leading Real Estate companies. Our success i…
BD BUILDING PROJECTS
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+61 1300 002 372 info@bdbuilding.com.au
At BD Building Management, we offer something special to the construction industry. Based in Sydneys Eastern Suburbs, were a young and dynamic organisation who pride ourselves on delivering quality carpentry services. As a successful and established carpentry company, we have many projects running throughout Sydney. These projects consist of carpentry on all levels—from small residential renovations to luxury penthouse builds. BD Building Management realises that building companies requiring carpenters may find it a daunting task filtering out the good from the bad—weve done this for you. With some carpenters having worked with us for several years now, weve managed to build a loyal database of skilled employees. With over 70 licensed carpenters, we can provide quality labour for any sized job.
WA ICON SOLUTION
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+61 1800 770 777 info@waiconsolution.com.au
WA ICON SOLUTION is the most preferred building contractor among project owners and general builders in WA since 2007. Since our inception, the company has flourished due to hard work and dedication. Our experience and equipment allow our team to operate at a high level of efficiency, to ensure our client receives the best value possible. We have structured our company to cater both residential and commercial projects. Understanding that each market has their own unique requirements and skill set, we aim to ensure that our deliverables meet those requirements in budget, manpower and quality. We offer various types of services: - Tile supply - Tile materials supply - Site preparation - Laying tiles - Consultancy - After tiling cleaning - Vacate cleaning - Emergency cleaning service - Wall & Ceiling insulation - Painting - Accommodations/Strata - Landscaping - Flooring - Reticulation - Special floor cleaning - High pressure water cleaning
EASY LIVING HOME ELEVATORS
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+61 3 9094 8600 sales@easy-living.com.au
Easy Living Home Elevators is Australias #1 supplier of home elevators, boutique commercial elevators, disabled access lifts and service lifts. Easy Living has an elevator to suit any renovation or new build in both residential and boutique commercial developments. Our company has been in operation since 1998 and has achieved an outstanding reputation with over 9800+ elevators being maintained around Australia. Our commitment to provide the best quality products, attention to detail and commitment to unparalleled service has allowed Easy Living Home Elevators to grow steadily. As we continue to expand with an amazing, experienced team and cutting-edge products, we will continue to provide greater choice for our customers combined with a local and personal service. Easy Living Home Elevators has working elevators on display in our showrooms across Australia for our clients to experience and we invite you to visit one of our showrooms. Contact us to arrange a tour. Easy Living Hom…
MODERN PAINTING GROUP
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+61 1800 770 999 estimating@modernpainting.com.au
Modern Painting Group is a full service painting contractor serving all commercial and residential needs throughout Australia. Our highly skilled workforce provides professional quality, competitive price & conscious painting. We offer a complete service including commercial, industrial, residential and decorative painting to our many valued customers in NSW, SA, VIC and ATC. Our projects include new constructions, conversions and renovations to existing buildings. We pride ourselves on meeting deadlines, impeccable tidy and clean workmanship and providing the highest quality painting projects. Frank Forouzandeh Managing Director
From a young mans dream, to South Australias most awarded custom home builder, Scott Salisbury Homes is one of Australias great success stories. Formed in 1989 and established as the market leader in bespoke luxury new homes and renovations, our design and construction is unparalleled in the industry and continues to challenge boundaries and set the benchmark in excellence. Maintaining exemplary standards in styling, service, and reliability of delivery, is important to us and we are proud to have been recognised with over 90 National and South Australian awards. As a Company we appreciate the recognition whilst continually striving for improvement and innovation. Every design we produce is embodied by quality and a high level craftsmanship. In addition to the central business, Scott Salisbury Homes, has expanded over the years with the recent introduction of Bradford Homes and Bradford Projects. These brands collectively comprise the corporate profile known as the Scott Salisb…
HARDWARE & GENERAL SUPPLIES LIMITED
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+61 1300 942 380 bvquotes@hg.com.au
Every builder has experienced costly onsite delays. During Hardware & Generals 60 years of operation, weve helped many builders get their projects back on track, minimise excessive time delays and costs, manage cash flow and product supply, and coordinate timely deliveries to sites with specific requirements. Our customers understand the value of experience, knowledge and quality products, and we would like to help you maximise the potential of your next project. As Sydneys leading independent supplier, Hardware & General have an extensive range of quality building, plumbing, industrial, hardware and renovation materials; in-stock and delivered free to site from any of our 25 sites in Sydney (twenty in Brookvale and five more strategically located stores, in Peakhurst, Blacktown, Dural, Hornsby and Mona Vale. Sixty years of service to the building industry is a long time to be in business, especially for a family company. We are very thankful for the trust shown in us by you - our cu…
CHAN & NAYLOR - PROPERTY, TAX-ACCOUNTING & WEALTH ADVISORY GROUP
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+61 2 9391 5000 receptionp@chan-naylor.com.au
Chan & Naylor is a Top 40 Accounting Firm and recognised by BRW on three occasions as - “Fastest Growing Accountancy Firm in Australia” in 2007,.2008 and 2013. We are in the business of caring for you, your family and business from generation to generation with honesty and integrity. We achieve this through a reliable team of approachable, well educated, caring professionals dedicated to providing the highest level of customer service. Key services in Business Tax-Accounting, Wealth Advisory and Property Investment. At Chan & Naylor a dedicated team of specialised Property Accountants, Wealth Planners and Finance Strategists/ Mortgage Brokers, have the experience and expertise to help you achieve financial freedom. Whether youre buying an investment property, doing a renovation, operating a small-medium-enterprise (SME), looking to develop a sound retirement and estate planning strategy - or you just need a good accountant - were here to help. While we are property tax experts …
MEDIFIT DESIGN & CONSTRUCT
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+61 1300 728 133 marketing@medifit.com.au
AUSTRALIAS PREMIER DENTAL & MEDICAL DESIGN, FITOUT AND CONSTRUCTION PROVIDER. Over the past 19 years, Medifit has designed, built and fitted out over 600 practices for Dentists & Dental Specialists, General Practitioners, Specialist Surgeons, Day Surgeries, Veterinarians and other allied healthcare providers throughout Australia - with many of our projects on the Eastern seaboard of Australia. Medifit operates exclusively in the healthcare space in all major cities including regional areas. This specialisation has given us a clear understanding of the specific requirements for designing, building and fitting out practices that work. Whether a dental, medical, day surgery, specialist or a veterinary practice, you can be certain that a Medifit designed practice is the best possible design solution which is not only compliant with all relevant statutory requirements but also emulates the aesthetic you desire. Our experience ensures that nothing is overlooked. In an industry rife with c…
WBP GROUP
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+61 3 9325 9800 info@wbpgroup.com.au
WBP Group has undergone a renovation and refurbishment. We may look different, but the heart and soul remains the same. Were still underpinned by over 25 years of experience and were just as committed as ever to delivering innovation in technology and nurturing a progressive and agile culture.
OASIS AU
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+61 497 771 777 info@oasisonline.com.au
Starting out as a simple Middle Eastern bakery with a unique but small offering, OASIS has transformed over the years into a food emporium, where you can sit for a coffee and a meal, read a book, snack on a baclava or a freshly cooked Lebanese donut, come to a cooking class or spend as little or as much a time as you want in perusing though our vast retail area. In late 2016, we celebrated the completion of our most significant renovation; award winning architects Landini Design helped to remake OASIS into a contemporary food store and café but also maintained a link to our Middle Eastern heritage through the use of colours, patterns and materials. In late 2016, we celebrated the completion of our most significant renovation; award winning architects Landini Design helped to remake OASIS into a contemporary food store and café but also maintained a link to our Middle Eastern heritage through the use of colours, patterns and materials. In July 2018 we started fitting out our new store …
RENOVARE AUSTRALIA
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+61 418 751 163 info@renovare.com.au
When you need a change but dont want to move or rebuild, we help you fall in love with your existing home all over again. Our clever ideas, customised designs and skilled workmanship make your renovation a life-changer. Our renovations are built around your needs, family life and hopes for the future. We design and deliver beautiful spaces where you live well, operate efficiently, connect, socialise, retreat and recharge. Renovare is a network of local professionals who love making the process simple and rewarding. We welcome motivated, skilled licensed builders to join our proven team as home renovations franchisees. With the backing of the Renovare renovation franchise team, your working life will feel like new… just like your clients homes.
M.J. HARRIS GROUP
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+61 3 9431 1177 admin@mjharrisgroup.com.au
M.J.Harris Group have trades and design under one roof, specialising in home renovations and restorations. We pride ourselves on providing you with the expert advice and skills needed to paint, renovate or extend the home of your dreams. We provide a dedicated and experienced team from beginning to end - there is no aspect of your construction project we cannot complete.
HALL GROUP & CO
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+61 1300 042 552 info@hallgroup.co
Hall Group & co are building an accessible future, by providing a turn key solution to the elevator and accessibility market. Services include, in-house Architectural design, engineering, construction and project management, Australia Wide. Focusing on the domestic, commercial and low rise market. Hall Group & co work with Australias leading lift suppliers, ensuring every customer has access to a superior network of vendors, that can meet any requirements.
ALLIANCECORP PROPERTY EXPERTS
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+61 1300 728 838 info@alliancecorp.com.au
We help everyday Australians grow their wealth through tailored property investment strategies. AllianceCorp is Australias leading property investment consultancy, helping everyday Australians achieve their financial goals through tailored property investment strategies. Trusted by over 2029 clients, we are able to deliver exceptional results because of our national network, exclusive financial products, unique guarantees and complete end to end service.
BILLI
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+61 1800 812 321 info@billi.com.au
At Billi, we design and manufacture a range of energy efficient filtered water systems that offer our customers the very best in innovation, superior performance and reliability. For more than 25 years, we have maintained a commitment to excellence and quality that is second to none. Our filtered water systems are preferred by Australian designers and architects for their elegant styling and space saving design. Billi launched the worlds first underbench boiling and chilled filtered water system in the early 1990s and was instantly recognised as the premium product of choice because of its high functionality, energy efficiency and space-saving design. From that first product, our range has grown to include a full complement of commercial and domestic systems now available throughout the world. Today, we continue to innovate. Our designs keep pace with modern building techniques, contemporary interior concepts and changing lifestyle choices. And importantly, our products continue to…
TRAYD AUSTRALIA PTY LTD
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+61 8 9321 9321 services@trayd.com
Trayd Australia offers a large range of multi trade services for property maintenance, specialised trade and building solutions for all property owners or managers. Our vision is to create an exceptional client experience by providing a skilled range of services and offering property solutions in a quality assured, seamless and collaborative way. Our strength is our people. Our multi skilled Trayd team are experienced in commercial, retail, industrial and residential property environments and deliver our promise of quality workmanship, efficiency and ensuring each job exceeds our customers expectations.
SILK HOSPITALITY
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+61 1300 575 364 info@silkhospitality.com.au
Silk Hospitality is an Australian owned and operated leading provider of hospitality services to luxury hotels. Operating for over 13 years and employing over 3000 people around the country, our success is underpinned by the diversity, passion and loyalty of our wonderful team. As a specialist outsourced housekeeping provider, Silk Hospitality has developed a comprehensive range of integrated services all delivered under one banner. With vast industry knowledge and experience, Silk Hospitality is accomplished at delivering hotels with high quality housekeeping services with maximum efficiency. Silk Hospitality has an Executive team with diverse and professional skill sets, a sound business model and market strategy. Focused solely on the accommodation industry, Silk has a strong appreciation of the importance of quality and the guest experience. They provide an outstanding outsourced housekeeping service which seamlessly integrates with a hotels brand, standards and image. Perhap…
STRATCO AUSTRALIA
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+61 1300 165 165 privacy.officer@stratco.com.au
With over 70 years experience in the building and home renovation markets Stratco has become one of the largest producers and marketers of quality building and home improvement products in Australia and is actively pursuing a place on the world stage. Stratco now has state of the art manufacturing facilities in all mainland states of Australia along with a network of home improvement stores throughout the country. The Stratco philosophy is that We simply want to continue to produce and market quality products, innovate new products and back them with qualified people who offer friendly service and advice. It is the relentless application of this philosophy on which our dynamic growth has been, and will continue to be built.
Top Renovation Companies in Australia
Factors Contributing to Growth and Success
The Australian government has played a significant role in fostering growth in the renovation industry. The government has launched several initiatives aimed at promoting sustainable and energy-efficient home improvements. The government has also established a regulatory framework to ensure compliance with safety and environmental standards. These initiatives have led to increased investment in renovation projects and research, as well as increased awareness of the potential benefits of sustainable renovation practices.
The renovation industry is also being driven by a wide range of factors, including the growing demand for sustainable and energy-efficient home improvements, the increasing popularity of home renovation television programs, and the growing number of renovation specialists. The industry has also been buoyed by the recent housing boom, with homeowners investing in home improvements to add value to their properties.
Industry Growth and Comparison to Previous Years
The renovation industry in Australia has been growing at an average rate of 3% per year, with revenues reaching $34.8 billion in 2022, up from $30.6 billion in 2017. Employment in the industry has also been steadily increasing, with over 250,000 professionals currently employed, up from 220,000 in 2017. The industry's growth is expected to continue at a similar rate, driven by the increasing demand for sustainable and innovative home improvements.
Key Trends
Technological Disruptions:
The increasing adoption of new and emerging technologies is emerging as a key trend in the renovation industry. Technologies such as 3D printing, virtual reality, and building automation systems are disrupting traditional renovation practices and creating new opportunities for sustainable and innovative home improvements. Renovation specialists are actively seeking out innovative technologies that can improve the performance and sustainability of homes.
Sustainability:
The growing focus on sustainability is another key trend in the renovation industry. Sustainable renovation practices involve managing home improvements in a way that minimizes their impact on the environment while maximizing their efficiency. Sustainable renovation practices are being driven by a growing demand from homeowners for environmentally responsible solutions.
Challenges
Cost Management:
The management of costs is a significant challenge for the renovation industry. The industry must balance the need for sustainable and innovative home improvements with the need to manage costs and maintain profitability. Renovation specialists will need to develop more robust cost management processes that can identify and mitigate potential risks associated with renovation projects.
Regulatory Compliance:
The complex regulatory landscape presents another significant challenge for the renovation industry. Renovation specialists must comply with a wide range of safety, environmental, and other regulations, which can create operational challenges and add to the cost of renovation projects. The industry will need to focus on developing strategies that can streamline regulatory compliance and reduce the cost of compliance.
Future Outlook
The renovation industry in Australia is expected to continue its growth trajectory in the coming years, driven by the increasing demand for sustainable and innovative home improvements. The Australian government has recognized the importance of sustainable home improvements and is expected to continue investing in initiatives to support the industry's growth. The government has committed to investing $1.9 billion over four years to enhance Australia's sustainability capabilities, including the development of sustainable renovation solutions.
One of the key areas of focus for the renovation industry in the future will be addressing the challenges of cost management and regulatory compliance. The industry will need to develop more robust cost management processes that can identify and mitigate potential risks associated with renovation projects. The industry will also need to focus on developing strategies that can streamline regulatory compliance and reduce the cost of compliance.
Another key trend that is expected to shape the future of the renovation industry is the increasing use of digital marketing and e-commerce. These technologies enable renovation specialists to reach a wider audience and sell their services online. Digital marketing and e-commerce technologies are also being used to automate renovation processes, enabling specialists to streamline operations and reduce costs.
In addition to these trends, the renovation industry in Australia is also expected to experience a shift towards more sustainable and energy-efficient home improvements. With growing awareness of the impact of climate change, homeowners are increasingly looking for ways to reduce their carbon footprint and make their homes more energy-efficient. This trend is expected to drive demand for sustainable renovation solutions and create new opportunities for innovation in the industry.
Conclusion
In conclusion, the renovation industry in Australia is a critical part of the country's housing market, meeting the demand for sustainable and innovative home improvements. The industry's growth is driven by the increasing demand for sustainable and energy-efficient home improvements and the government's continued investment in sustainable renovation initiatives. The industry will need to address the challenges of cost management and regulatory compliance and focus on developing more robust cost management processes. The industry's increasing use of digital marketing and e-commerce technologies is also expected to generate operational efficiencies and cost savings while reaching a wider audience. Finally, the industry's shift towards more sustainable and energy-efficient home improvements is expected to drive demand for sustainable renovation solutions and create new opportunities for innovation in the industry.