It’s a tough time to build or renovate a house in Australia. Prices are up, well above inflation. Finding materials and getting them on time is a challenge. Builders are grappling with too much work and stress (with some folding as costs rise too fast). Customers are being confronted with eye-watering price quotes.
And as any would-be home builder or renovator knows, the price of timber or steel is crucial.
So what exactly is happening here, and what’s the outlook?