But that's small potatoes when compared to
big budget repairs such as a new roof or a full kitchen remodel — both of which can quickly reach $ 10,000 or more.
Many homeowners can't afford
big budget repairs.
To a large degree, Labor's
big budget repair plans have stalled, while newcomers on both sides of the aisle find their way around their house on the hill.
Not exact matches
The
budget is also expected to devote
big money to tackle the acute housing shortage in Indigenous communities, where homes are often overcrowded and in serious need of
repairs.
But in the world of tight government
budgets, small
repairs have historically been put off to save money in the short term, which add up to much
bigger costs down the road.
Treasurer Scott Morrison confirmed at his speech to the National Press Club on Wednesday that GST changes were off the table and revealed Australians should expect only «modest» income tax relief in this year's
budget, describing
budget repair as a «Test match, not a Twenty20
Big Bash».
Other common
budget - blowing culprits are
big purchases for electronics, falling for scams, motorbike crash
repairs, you - only - live - once adventures (e.g., pricey liveaboard scuba diving excursions), and I - deserve - it splurges such as shopping and Western food.
Home buyers should plan for
big - ticket costs across a five - year timeline,
budgeting for major expenses, such as roof
repairs, new air conditioners or plumbing upgrades.
Most
repairs are sporadic, but
big - ticket fixes such as a new roof or water heater can come up suddenly and drain your
budget.