Tradies in Victoria need to be vigilant as $33 million worth of hand and power tools were stolen last year, marking a 37% increase from the previous year.
This staggering figure includes 18,626 power tools and 14,911 hand tools stolen in 2023, as reported by the Crime Statistics Agency.
With the spike in thefts, RACV advises tradies to secure their tools with measures like identifying markings and GPS trackers.
RACV Home General Manager Bill Bloodworth recommends storing tools securely and using GPS trackers for added protection.
Tradies should also consider appropriate insurance coverage to protect against tool theft and minimize financial impact.