Its the Woolworths/Lowes/Masters Joint venture. The home improvement market is growing at twice the rate of the economy. Its a $42 Billion market. The Masters/Lowes store, will compete with major white goods retailers and furniture stores, including, elements of Myer, Reece, Harvey Norman, Ikea, Freedom Furniture, Domayne, Retravision. The new chain will have 200 stores very quickly, by building on the Danks stores and parts of Mitre 10.

The new Masters/Lowes stores will have a wider range of home renovation products including, Furniture, White goods, Outdoor living products, Heating/Cooling, Home decorating products, Carpets, Storage, Curtains, Lighting, Kitchens,and Bathrooms. The Home Depot, clone, Bunnings also, has an aggressive new store opening plan of opening a dozen stores a year. Bunnings is more like the Home Depot format of large cold barns, with a limited range of low cost products.

Woolworths/Lowes will be more like Lowes store a more comfortable store with a wider range of Home Decor products, emphasis on Healthy Living, ordering online, free delivery, Decorative products like, curtains, rugs, wall paintings, Saving Ideas, Trades Professionals Installers and Free, Easy credit, Creative Living magazines.

Lowes has an FREE easy read Ebook, via computer.

I fully expect this competition will cut the costs of Home renovating products by thousands for each home. It will be a one stop shop for easy home renovating.

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Today, I make many suggestions where one can D.I.Y. and other cost savings areas. Currently, there are available D.I.Y., Kitchens, Bathrooms, Decks, Kit Homes and Furniture. These are available from stores, like Bunnings, Ikea, Spotlight, Home Depot, Lowes, Masters.
One can also D.I.Y. the mortgage, insurances and Banking. But what does that mean? Well, I suggest here one uses the Internet to research the BEST products for the field and even ask the market to tender for your needs. Such as, Ask the market to tender for your Mortgage.
If one runs your project as an “Owner builder” thus taking on the job of D.I.Y.Project Manager : How much can I save?
This should work out at around 30% of the value of the project, plus the likely Stamp duty saving, an extra say 5% !!! total savings of 35%.
Thus, if you have the inclination, one can DIY your own projects and proceed with confidence, even if you can only anticipate a flatter market. In Victoria, you can only make one Owner Builder home each five years. in one name. So you need to be inventive.
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