DIY increasing on residential properties over the new year
With the end of 2011 fast approaching, it's soon becoming the time of year when Australians begin to compile their list of 'must-do' activities for the new 2012.
According to leading market research firm IBISWorld, residential property owners are looking set to be getting their hands dirty - with backyard projects and yearly maintenance activities set to increase over the following 12 months.
This flows on from the annual practice of setting personal goals for the new year, an occurrence that the general manager of IBISWolrd Australia Karen Dobie says forms in important - if predictable - part of many people's lives.
Dobie asserted: "The holiday season is a perfect chance for many Australians to do the work around the house they have been putting off all year.
"Traditionally December and January are the busiest months of the year for hardware stores and nurseries."
The expected expenditure on DIY renovations, backyard projects and general home improvements across Australia is expected to amount to $1 billion by January 31 2012.
An increase in dwelling expenditure such as room additions, gardens and other value-adding activities could see a crop of improved housing offerings to follow in the new year.