Skip to content
Building Construction

Builders respond to latest inflation figures

Master Builders Australia < 1 mins read

Today’s release of ABS inflation figures saw annual inflation hit 5.6 per cent during September, its highest in 5 months.


Master Builders Australia CEO Denita Wawn said housing costs remain a significant source of inflation pressures.


“Rental prices are up by 7.6 per cent over the past year - close to a 15-year high.


“The rental market continues to be hurt by a prolonged drought in new apartment building and the negative consequences of rising interest rates.


“There was a 4.9 per cent increase in new home prices over the past 12 months.


“Housing costs have a major impact on wages and costs right across our economy.


“Taking decisive action to speed up the delivery of the new homes we need will help us win the battle against inflation more quickly.


“The cost of building homes continues to be inflated through unnecessary delays and barriers including planning impediments, lengthy approvals processes and high developer charges.


“The ball is now in the court of state and territory governments to deliver on their commitments on planning reform.


“For many builders and developers, initiating large-scale home building projects in the current environment is simply too risky.


“Despite all the work at a Federal level to pass housing legislation and invest in skills, the Government risks magnifying costs and regulatory obstacles with its far-reaching ‘Closing Loopholes’ Bill.


“The IR Bill means businesses will have even more of their time absorbed by compliance and red tape issues - instead of being out there building new homes,” said Ms Wawn.



Media contact: Dee Zegarac, National Director, Media & Public Affairs

0400 493 071 |


More from this category

  • Building Construction, Industrial Relations
  • 14/06/2024
  • 06:15

Court Hearing for Sibelco Silicosis Cases

The Australian Workers Union stands in solidarity with three of its members, Kevin Weekes, Craig Robertson, and Alan Jenkins, as their cases against former employer Sibelco are heard in Wonthaggi court today (14th of June 2024). These men, among many others, have been diagnosed with silicosis, a debilitating lung disease caused by prolonged exposure to silica dust in their workplaces. Call for Action and Legal Support The stories of Kevin, Craig, and Alan highlight the urgent need for stronger safety regulations and comprehensive support for workers affected by silicosis. Their struggle for justice represents a broader call to action for…

  • Building Construction, Business Company News
  • 13/06/2024
  • 14:15

CIMIC’s Leighton Asia secures data centre project in India

CIMIC Group company Leighton Asia has been selected by a multinational technology corporation to fit out a data centre in Hyderabad, India. This project…

  • Contains:
  • Building Construction, Property Real Estate
  • 13/06/2024
  • 10:37
Willoughby City Council

Willoughby Council secures twenty-five new homes for key workers

Willoughby City Council has new affordable homes for key workers following completion of a development on the site of the former Channel 9 building in Willoughby. Working in partnership with Evolve Housing, Willoughby is offering 13 brand new homes to key workers living and/or working in the local government area on low to medium incomes – including retail workers, nurses, school teachers, and emergency services staff – at 20% less than the median monthly rent. An additional 12 units on the same site will be available from August 2024, bringing the Council’s total affordable housing portfolio to 62 units. The…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.