Deliveries of materials to building sites are often delayed because of shortages caused by the unusually high demand, the costs are rising for the same reason and there is also a shortage of building workers. There is also a positive aspect to this: the industry is helping Australia recover from the COVID-19 downturn.
Australia is experiencing a residential building boom
Source: Corbis News
Australia is experiencing a residential building boom driven by record low interest rates and the home builder grant. But demand for construction materials is outstripping supply, leaving consumers with longer and more expensive waits to get their home improvements done.
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