Australians Opt for Home Renovations Over New Constructions, Says KPMG

In a recent report released by KPMG, a notable shift in Australian homeowners' preferences has been identified. Rather than pursuing new home builds, many Australians are choosing to invest in renovations and upgrades to their existing properties. This trend comes amid a significant decline in the overall housing market, fueled by escalating interest rates, economic uncertainty, and rising construction costs.

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