Published 1 year ago

Rising prices, building code changes contribute to slump in new home builds in Queensland

Summary by Ground News

North Queensland has seen a 60 per cent drop in new home builds. Rising interest rates, higher building costs and labour shortages are to blame. Master Builders regional manager Emma Peters said the downturn was unsurprising given mounting financial costs for prospective builders and a 42 per cent jump in the cost of labour and materials since 2019.

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ABC Australia

North Queensland feels brunt of new home construction slump

Growing uncertainty over inflation, rising interest rates and changes to the building code have been blamed for North Queensland having the worst dip in new housing builds across the state.

1 year ago·Australia

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