Property Marketing
.

The Times Property
 
The Times Real Estate

.

Sellers Struggle to Maximise Sale Price Amidst Tradie Shortages


As Australia’s tradespeople struggle to keep up with demand for work, supply shortages are driving yet another challenge for the country’s real estate market. Conditions are comprising property values, making it difficult for property sellers to obtain adequate return.

Completing pre-sale renovations is becoming more challenging by the week. Increasingly, would-be renovators are unable to make the changes to give their properties the best chance of success. Real estate sellers fear an upcoming market freefall.

In an ordinary market environment, kitchen and bathroom makeovers would provide a high return on renovation investment for sellers. But for many, obtaining these services seems close to impossible.

Demand for kitchen and bathroom renovations is high, but our clients are struggling to find not only the materials but the trades teams that they need,” says Sydney plumber Joe Rantino.

Bathroom and kitchen renovations are complex, as you don’t just need a carpenter. You need an electrician and plumber available in Sydney and all the materials needed to make it happen. Kitchen benchtops alone are up to nine months’ wait.”

Meanwhile, other high-return renovations, such as painting and landscaping, are also affected.

After almost a century in business, we’ve seen market fluctuations like this before, but this combination of supplies and worker shortages is unprecedented in my time running the company,” says Stephen Cochrane, owner of one of Australia's longest-running painting companies.

In such a challenging environment, Mr Cochrane suggests that painting may be the most attainable option for struggling sellers.

We’re experiencing high demand for residential painting jobs, and luckily, our supply chain is still pretty secure. While meeting demand has been more difficult, painting is still the best bet for sellers to get good return on renovation investment.”

While the trade market and supply chain remain volatile, experts believe that all hope is not yet lost for property owners hoping to earn big on property sales.

Increasingly, real estate professionals are working to maximise sale prices and protect market conditions. It is hoped that clever renovation choices will help sellers succeed.

This approach is underpinned by a responsive mindset, with many agents recommending simple changes, including painting finishes, to help homes look their best for prospective buyers.

By thinking wisely about home renovations, experts say that sellers can still achieve great return on investment.

Until the tradespeople and supply shortage is resolved, availability driven improvements might be the only choice for sellers wanting to earn.

 

Living Independently with the Help of NDIS in Melbourne

For many people living with a disability, independence isn’t just about where you live—it’s about having choice, control, and the confidence to live life your way. In M...

Melbourne Property Investors: Why You Shouldn’t Skip Building Inspections

If you’re a property investor in Melbourne, here’s one thing you should never overlook—a proper building inspection. It might not be the most exciting part of buying or...

New Heights – Gold Coast Property Managers’ Ongoing Battle for a Share of the Summer Crowd

Summer and the Gold Coast go hand-in-hand. Many holidayers flock to the Gold Coast from Brisbane, New South Wales and beyond. From schoolies, families on school holiday...

How Headless CMS Supports Business Continuity in Distributed Teams

With employees working in various locations and time zones more than ever in a digital world, organizations need to stay operational while providing collaboration oppor...

Why Hiring the Right Fencing Contractors is Essential for Your Home Renovation

Whether you’re looking to increase security, add privacy, or enhance your home’s curb appeal, the right fence can make a significant difference. However, the success of...

Skiing vs. Snowboarding in Thredbo: Which is Best for Beginners?

Planning a snow trip to Thredbo but not sure, ski or snowboard? You’re not alone!Thredbo’s one of Australia’s top alpine spots. It’s got gentle slopes and great instruc...