New home builders to be slugged as building costs record biggest increase in years

Jack Needham
By Jack Needham
November 10 2021 - 4:00pm
Construction costs have risen at their fastest rate since 2000, and there's little relief in sight. Picture: Sylvia Liber

New home builders and renovators across Australia are in an unenviable position, with the cost of construction rising at its fastest rate in more than 20 years and predictions that the situation won't get better for another 12 to 18 months.

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Jack Needham

Jack Needham

Property News Editor

Jack has been writing about real estate since 2015, covering residential and commercial property markets throughout Australia for the likes of Smart Property Investment and Domain. He has also spent time in the United States researching real estate trends, with a focus on housing affordability issues, for the California Association of Realtors.

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