Beat the spring renovation rush with August’s top personal loans

New research has revealed that 40 per cent of Australian homeowners have existing repairs requiring the attention of a tradesperson, while 46 per cent admit they would delay a repair because it’s ‘liveable’.

According to the research released by online tradie marketplace, hipages, 39 per cent of homeowners believe they have repairs worth more than $5000 in their household, 25 per cent between $1000 and $5000, and 22 per cent believe their repair jobs are worth up to $1000.

It also revealed that 23 per cent of homeowners believe that they can carry out most household repairs themselves, while one quarter had underestimated the danger they were in when undertaking DIY repairs over the past six months.

Stuart Tucker, Chief Customer Officer at hipages, said: “Homeowner repairs never stop, but every year we see a spike during spring for renovation and repair jobs. During times of high demand, it can be tempting to opt for the quickest or cheapest help.”

“However, this can create additional problems and wind up costly than if a qualified tradie had been sought in the first instance.

“Working with a licensed and trusted tradie is important year-round, and something homeowners shouldn’t compromise on – even during busy periods. One way to ensure you’re not caught out is to book as far in advance as you can.”

With springtime fast approaching, it could be a good time to get ahead of the rush and take care of any household repairs or renovations you may have been putting off over winter.

If you’re considering your financing options, RateCity’s personal loan comparison tools can help you narrow down your search to find a competitive product that suits your needs.

RateCity has put together some of the top-rated personal loans for August 2022 to help get you started on your comparison.

(Rankings are correct at the time of publishing. Please note lenders may trade places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.)

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