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Market Update
June 21, 2017
We're introducing a new blog series here at MaterialsLink called Market Update. Our aim is to keep you informed of the latest developments in the industry. If you have any suggestions, let us know on info@materialslink.com.au
Tradie Price Index
According to serviceseeking, the average rate for trade labour has fallen by 8% over the last year. Things are worst if you're a builder with average per hour rates falling by a whopping 28%! As always, sparkies swum against the stream with average rates rising by 13%. See the full details below:
Materials Prices
While competition for rates has hotted up, suppliers haven't noticed, raising prices for concrete by an average of 4% and steel by an average of 3% over the same period according to the ABS. Despite this, MaterialsLink's in house data shows a price spread for 20MPa concrete of 37% in metropolitan Sydney so there are still some suppliers offering a good deal.
What's it all mean?
All this means that quality and referrals are more important than ever. It also means that if you're going to be competitive, you can't pay more for your materials and labour than everyone else! Use MaterialsLink's quote service to check whether you're getting a good deal.
