For release: Immediately
22 June 2010
Investors pull back, stepping up competitive pressure on tradespeople
The number of renovation jobs came under pressure prior to the budget, leaving New Zealand tradesmen facing increased
competition.
The latest Builderscrack.co.nz Tradesman Job Services Index, published today, showed that the average job size remained
10% below May last year. Regionally, Otago and Southland remain under pressure, while Auckland’s tentative recovery has
continued. NZ wide, household confidence continues to remain volatile when it comes to home renovations and
improvements.
The index is based on the cost of trade jobs completed through Builderscrack.co.nz. “We saw less improvement work from
property investors in the month leading up to the budget. We are hopeful that increased certainty provided by the budget
will give investors confidence to invest again, and there are early signs in the last few weeks that this is the case”
said Builderscrack.co.nz director Keith Roberts. “For tradespeople, the market remains very competitive. On
Builderscrack.co.nz homeowners posting work are typically getting more than 3 responses within several hours, with
competition for work remaining high.”
Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09
100 78 80 70 80 70 68 64 71 77 75 76
Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10
85 74 70 68 76 63 61
About Builderscrack.co.nz
Builderscrack.co.nz is the leading website in New Zealand where homeowners can find good tradesmen and tradeswomen, get
multiple competitive quotes quickly and easily, and review tradesperson performance.
About the Builderscrack.co.nz Tradesman Job Services Index
The Builderscrack.co.nz Trade Job Services Index is based on the average value of jobs completed through
Builderscrack.co.nz. The metric measures variation since November 2008.
ends