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How Much Money Can A Handyman Make In Australia?
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Across Australia, thousands of handymen are hard at work making sure that their client's homes, properties, and businesses are in great working condition. For people who enjoy working with their hands, need a flexible schedule, or want to build their own business, this career path might be the perfect fit. Most importantly, people want to understand if this type of work comes with competitive pay.
How Much Money Can A Handyman Make In Australia?
The average salary for a handyman in Australia can vary depending on location, years of experience, reputation, and specialisation. In general, the average handyman earns about $55,700 per year (or about $28.50 per hour). Handymen who have several years of experience can easily earn over $70,000 per year.
The handyman’s business structure can also impact their earning potential. Handymen have the option of working directly for a company, but most work independently and operate their own business. Handymen who work for a company will likely have steady income and schedules, while business owners will see variation depending on their client’s requests or ability to secure new customers.
For those who own handymen businesses, customers are usually charged between $40 to $50 per hour. However, keep in mind that you’ll need to subtract things like materials, taxes, and business expenses. Owning a handyman franchise is a popular option in Australia since you get brand recognition and support from a larger company, but there are some disadvantages such as the franchise fees that eat into your overall profit.
Future Outlook For Handyman Services In Australia
One advantage that handymen will have in the future is the demand for services due to an increasing gap in the number of workers who can perform these types of tasks. The current market for Tradesmen and Handyman Franchises exceeded $1.1 billion last year.
While demand decreased slightly due to the COVID-19 pandemic, the future looks promising. One survey found that nearly three-quarters of Australian businesses will have trouble filling skilled trade positions in the coming years. Increased demand should also allow for increased wages for handymen across the country.
Helping Protect Handymen Across Australia With Business Insurance
Another cost that you should consider when starting a handyman business is public liability insurance. This insurance protects you and your business from financial claims or lawsuits in the event that your work causes injury to someone or damages private property. Check out upcover's instant quote generator to get an estimate on market-leading business insurance for handymen in seconds! Simply enter your occupation as a handyman and your expected revenue to get started.
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