Building costs surge 10.4 per cent in a year

A surge in the cost of construction materials shows no sign of ending, as supply chain shortages and soaring prices for key inputs including fuel and electricity feed into the property market.
Michael McGowan, Executive Director from Housing Industry Association WA spoke to Oliver Peterson on Perth Live to discuss how over the last 12 months construction costs in WA have increased by 10.4 per cent, making it the second highest in the country.
Press PLAY to hear why increasing cash rates will continue to put pressure on construction costs.