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Di Johnson, Lecturer in Finance, Griffith University

UNCOVERED: Building costs have soared is it time to abandon my home renovation plans - The Untold Story

Image by Michal Jarmoluk from Pixabay, CC BY

Australia’s appetite for home renovations remains strong, with around A$1 billion worth of alterations and additions to homes approved in July.

But rising interest rates and shortages in labour and material may have some would-be renovators wondering: is this still a good idea?

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