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ABC News
ABC News
Business
business reporters Emilia Terzon and Michael Janda

Building industry faces 'nerve-racking' 2023 amid double-whammy of rate hikes and inflation

Builders like Richard Oliver have been doing it tough over the past year and, while there are early signs one of their key problems is resolving, other major threats are emerging that may see more construction firms go under.

The single biggest challenge for builders like Mr Oliver over the past couple of years has been sourcing enough materials at affordable prices, as supply chain woes have hit everything from timber to bricks.

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