MASTER Builders Australia welcomes the RBA's interest rate cut but stresses the need for Federal Government action on housing and cost-of-living challenges. While lower rates provide relief, core issues like land shortages, planning delays, workforce constraints, and rising construction costs remain. With construction costs up 40% in five years and build times extended by 80% over 15 years, urgent reforms are needed to streamline approvals and boost productivity.
08 March 2025
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BUILDERS WELCOME RATE CUT WITH CAUTION
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