The HIA Economics Group has released the HIA - JELD-WEN Kitchens and Bathrooms Report 2011/12.

An overview of the key findings is listed below:

- The total number of kitchen installations in new homes is forecast to decline by 10.4 per cent in financial year 2011/12 to 141,200, from 157,500 in 2010/11. An increase of 5.6 per cent is forecast for 2012/13 taking the total number of new kitchen installations to 149,000.

- The total value of kitchen installations in new homes was $2.72 billion in 2010/11, an increase of 5.0 per cent on the previous year. The total value is forecast to fall by $172 million in 2011/12 before increasing by $147 million to a value of $2.7 billion in 2012/13, just below the 2010/11 starting point.

- The total number of bathroom installations in new homes is forecast to decline by 10.4 per cent in financial year 2011/12 to 268,200, from 299,300 in 2010/11. An increase of 5.6 per cent is forecast for 2012/13 taking the total number of new bathroom installations to 283,100.

- The total value of bathroom installations in new homes was $3.62 billion in 2010/11, an increase of 7.5 per cent on the previous year. The total value is forecast to fall by $228 million in 2011/12 before increasing by $196 million to a value of $3.59 billion in 2012/13.

- HIA estimates that there is the potential for just over 146,000 kitchen renovations in 2011/12.

- The HIA Kitchens and Bathrooms survey found an average value for a new kitchen in 2010/11 of $19,011, compared to an average value for a kitchen renovation of $19,900.

- Over 40 per cent of respondents to the survey (44 per cent) reported the average age of a renovated kitchen fell in the range of 16 to 20 years, with a further 32 per cent of respondents stating a range of 11 to 15 years. These results are consistent with previous findings dating back nearly 10 years.

- HIA estimates that in 2011/12 there is the potential for 217,990 bathroom renovations.

- The HIA Kitchens and Bathrooms survey found an average value for a new bathroom in 2010/11 of $12,120 compared to an average value for a bathroom renovation of $15,000.

- In terms of the frequency of updating a bathroom, 39 per cent of survey respondents reported the average age of a renovated bathroom as falling in the range of 16 to 20 years, with a further 25 per cent of respondents stating a range of 11 to 15 years. These results are consistent with previous findings dating back 10 years.