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AAP
AAP
Business
Marion Rae

Building costs in the frame for ongoing housing crisis

Residential construction remains an area of prime concern for the Reserve Bank. (Dan Himbrechts/AAP PHOTOS)

Neither the construction union nor elevated interest rates are to blame for putting the squeeze on would-be home buyers and renters, the Reserve Bank says.

Defending the decision to keep Australia's key rate at its post-pandemic peak, RBA governor Michele Bullock on Friday delivered a tough message to those expecting relief.

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