DIY and home improvement market in Australia - statistics & facts
The run-up to Christmas is a busy time for Australia’s DIY retailers; from rolling a new coat of paint on the walls to reconstructing decking, conducting home improvements is a beloved activity. With several people getting stuck into renovations and smaller-scale redecorating projects from October to December, hardware, building, and garden supplies retailers enjoy a sales boost during this peak period. While Australians have a strong drive to update their homes, the country’s DIY and hardware market has been experiencing slower growth, as consumer spending moderates due to cost-of-living pressures. Additionally, owing to declining consumer confidence in building professionals and a desire for more customization, a shift towards DIY is transforming the home improvement market’s dynamics.
