Steeply Rising Building and Renovating Costs To Hit Australians

Steeply Rising Building and Renovating Costs To Hit Australians
Workers dismantle a steel structure at a construction site in the central business district of Sydney, Australia, on April 27, 2017. Saeed Khan/AFP via Getty Images
Alfred Bui
Updated:

Australians across the countries have endured a hike of 7.3 percent in residential construction costs in 2021, the highest growth rate recorded since March 2005.

Despite the costs easing somewhat towards Christmas, experts fear that the cost relief in Q4 of last year might not last long as the country continues to suffer from disruptions in the supply chain in 2022.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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