Sep 8, 2026 – 3.27pmMajor builders say they are not the cause of the country’s slowing and increasingly expensive real estate construction after federal Housing Minister Clare O’Neil said soaring costs were the reason projects were now undeliverable.In a speech to The Australian Financial Review Property Summit, O’Neil said it was impossible to deliver new housing at the same cost as in the past, with increases in the price of materials, labour and land standing in the way of projects.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Builders say they are not the problem when it comes to expensive homes
At a time of fast-rising building costs, land and approvals processes play a bigger role than the task of building, say the country’s largest residential builders.
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