Will it be any easier to renovate in 2023?
- melbournepropertyh
- Jan 12, 2023
- 1 min read
New home builders and renovators are set to face more pain in 2023 as construction costs continue to rise, due to labour and material shortages as a result of the pandemic and the war in Ukraine still biting.
“We’ll still have supply chain issues with the availability of some products and a major problem is the lack of skilled labour,” said third-generation builder Tristan Angelini, the managing director of Melbourne construction company Hillbrook.
“Interest rate hikes have slowed down some of the craziness for new builds and renovations, but they haven’t stopped it. And while we need more staff, we can’t hire from overseas because of COVID, the requirement for Australian qualifications, and they’d need vans that we used to get from Russia and which now have a two-year wait if they come from the US.”
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