Construction costs continue to hammer builders, home buyers
Rising construction costs are outpacing inflation across much of Australia, threatening to derail the fragile recovery in home building just as demand begins to climb again.
Renovations are near record highs but builders continue to face acute labour shortages and other issues. (Image source: Virrage Images/Shutterstock.com)
There are signs that Australia’s ailing construction sector is emerging from its slump but the latest shock figures around the cost of building a new home will not help the cause.
The price of building a new house is rising faster than inflation in five of Australia's states and territories.
Tasmania
fares worst, with construction costs blowing out by 9.2 over the past 12 months, although the total cost of building a new home is still cheaper t…
