Australia’s home renovations market has emerged as a critical area of opportunity for residential tradespeople amid expectations of a pullback in new home building activity, according to the latest report.

In the most recent edition of its Renovations Roundup report, Housing Industry Association said it expected the dollar value of renovations investment to grow by 4.7 percent for $30.454 billion in calendar to come in at $31.381 billion in calendar 2016 before going on to reach $32.576 billion over the…