The house prices that are still rising: How inflation is blowing out building costs

Property prices may be falling for the established housing market, but new homes are bucking the trend and have become the canary in the coal mine, as far as inflation goes.

Almost every category of building materials has become more expensive. Steel products are leading the way, jumping 42.1 per cent in the year ending March 2022, Australian Bureau of Statistics figures show.

It was followed by timber, board and joinery, which jumped 20.6 per cent in the same period.

Read More: https://www.smh.com.au/property/news/the-house-prices-that-are-still-rising-how-inflation-is-blowing-out-building-costs-20220714-p5b1pi.html