Cost of building supplies will 'only get worse'
The cost of building materials such as timber and steel was already high due to COVID-19 disruptions and is expected to get worse with the recent floods and war in Ukraine.
Source: afr.com
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Top News In Professional Builders Today - Breaking & Trending Today
Almost 5000 homes deemed uninhabitable after NSW and Qld floods
The task of rebuilding about 5000 homes which were destroyed by floods in NSW and Queensland is expected to take years.
Source: afr.com
$5 billion worth of projects face uncertainty after the collapse of Probuild
Probuild, one of the country's largest construction companies has collapsed, leaving $5 billion in unfinished projects.
Source: businessinsider.com.au
Opinion: The "profitless boom" in residential construction
With explosive labor and supply costs and long delays, builders are referring to this time as a profitless boom for the building industry.
Source: housingwire.com
Renovation costs 'are not going back down again, that's for sure'
Global supply chain issues and pent-up demand are creating a perfect storm, and have pushed up renovation costs since the start of the COVID-19 pandemic.
Source: afr.com