Construction costs soar in Brisbane as the bowser bites, builders say

Construction costs in Brisbane have surged by $10,000 to $20,000 since late February due to increased fuel prices from the Iran conflict. Builders warn that inflation could rise to between 1.5 percent and 2 percent as material costs, like PVC piping and electrical wiring, skyrocketed. The industry is exploring potential government intervention to prevent insolvencies.

Summary by Glance · Brisbane Times