In December 09, Nine MSN posted the following article which we thought our customers may find to be an interesting read:
Australians it seems want everything, including the kitchen sink.
The demand for bigger kitchens and bathrooms is highlighted by a new report predicting the value of installations and renovations to rise by 25 per cent to a record $12 billion by 2012.
The Housing Industry Association (HIA) Kitchens and Bathrooms Report for 2009/10 highlights the amount of money Australians spend each year on adding to their home.
The report predicts the value of kitchen installations will rise to almost $6 billion in 2009/10 and almost $7 billion by 2011/12.
"Despite evidence to suggest that detached houses in Australia may be gradually declining in size, there has been a clear trend towards larger kitchens in Australia for some time now," HIA chief economist Dr Harley Dale said in a statement.
"The intense competition amongst kitchen installers is likely to see the trend towards better quality kitchens continue for the foreseeable future," Dr Dale said.
The report found the previous financial year was a tough one, with the kitchen industry's value falling 5.1 per cent to $5.6 billion.
The bathroom industry also suffered last financial year. The report found it had contracted by six per cent to $3.9 billion in 2008/09.
"Fortunately, the worst appears over and 2009/10 is expected to feature a lift in housing starts as well as overall renovations activity, which is good news for bathroom installations," Dr Dale said.