According to the REIQ, residents in the inner west suburbs of Red Hill, Ashgrove and Bardon spent almost $5 million on improving their homes during the September quarter.
“Many homes in suburbs like Ashgrove and Bardon have not experienced renovation work for many years – as property values have doubles in these areas more home owners are dipping into the increased equity for renovations.”
– Fiona Bergin from REIQ, quoted in The Courier-Mail.