SMH · general
Westpac warns home building costs may rise by $50,000 amid Iran conflict
3 hours ago
Westpac warned that the cost of building new homes could rise by $50,000 due to the ongoing conflict in Iran. However, the Housing Industry Association disputed this, citing increases of only $3,000 to $4,000. Experts predict rising oil prices and inflation could necessitate tighter monetary policy from the Reserve Bank in the coming months.
Summary by Glance · Original reporting by SMH
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