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Australia is experiencing a residential building boom

Aerial view of construction work and housing in Western Sydney

Aerial view of construction work and housing in Western Sydney Source: Getty

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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Updated

By Gareth Boreham, Felicity Ogilvie

Presented by Mayada Kordy Khalil

Source: SBS



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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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