Written by
31 October 2022
•
2 min read
Kitchen renovations and installations are one of the most expensive undertakings when it comes to building a new home or improving an existing one. The key to setting a budget and successfully sticking to it is seeking out information about how much money is typically required to carry out this kind of kitchen installation of renovation. Fortunately, the Housing Industry Association Kitchens & Bathrooms Report: Past and Future Prospects 2021/22 goes into explicit detail about how much was spent on kitchen design and renovation in 2021, right down to how much money you should expect to allocate to kitchen components such as cabinetry, hardware, appliances, flooring and labour. Understanding how much money was spent on kitchen renovations in 2021 is an excellent way to predict how much will be spent in 2022, and accurately predicting how much money you’ll need to complete your dream kitchen.
The Kitchens & Bathrooms Report: Past and Future Prospects 2021/22 was conducted during February 2022 on a total of 270 participant businesses operating within the industry, sourced from all states and territories across Australia, capturing a total of 9620 kitchen jobs completed in 2021. The majority of these jobs were completed in New South Wales, Queensland and Western Australia.
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The average dollar value of a kitchen installed in a new home in 2021 was $27,944.
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The average dollar value of a kitchen installed in a renovation in 2021 was $29,155.
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The report also provided a breakdown of the average dollar value spent on kitchen components.
Find inspiration for your next kitchen by browsing the beautiful kitchen projects on ArchiPro.