Geopolitical Tensions Impact Australia's Construction Industry  

Title

Geopolitical Tensions Impact Australia's Construction Industry

Website

www.propertycouncil.com.au/property-australia/construction-industry-faces-cautious-outlook-as-construction-costs-continue-upwards

Industry Body

Subject

Australia's construction industry faces challenges as geopolitical tensions and supply chain disruptions drive up construction costs. Rising fuel and raw material prices, combined with labour shortages and regulatory changes, are impacting project delivery and profitability. Builders are struggling with feasibility assessments, hindering housing supply and affordability goals.