Australia's Construction Industry: Facing Rising Costs and Productivity Concerns

  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 47 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 98%

Business News

Construction Industry,Productivity,Housing Crisis

As Australia grapples with a housing crisis and rising construction costs, concerns are mounting about the industry's declining productivity and standards. While some advocate for relaxing building codes to expedite home construction, others warn against sacrificing quality in the race for quantity.

One observer says the construction industry has ‘been allowed to gradually decline in its robustness and its competency’ for the past 25 years.One observer says the construction industry has ‘been allowed to gradually decline in its robustness and its competency’ for the past 25 years.Amid rising costs and a lack of productivity in the construction sector, some say relaxing building standards could help.

Still, other industries are facing similar challenges but will spend much more on research and development this year, it says.“The tech at work is sometimes worse than what you receive at home,” says Davina Rooney, the chief executive of the Green Building Council of Australia. “Your Domino’s pizza, you can track it the whole way through. What is the equivalent in the construction industry?”

Such a response is baffling to planners like Jahn, who said sunlight is “actually critical to stave off mould”. “We also know it’s going to get hotter. We need to be able to live into these dwellings in the future.”While it is early days, there are signs the market will improve – without lowering the bar – as construction cost increases start to ebb.“Growth in construction costs has eased from , recorded in 2022 when costs were rising at the quarterly pace of 4.7%,” said Tim Lawless, CoreLogic’s executive research director.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Housing Construction Industry - TopicBrowse stories related to Housing Construction Industry
Source: abcnews - 🏆 5. / 83 Read more »

Victoria police considering more charges in construction industry after arrest of CFMEU officialPolice also say John Setka’s appearance at government project sites did not constitute an offence
Source: GuardianAus - 🏆 1. / 98 Read more »

Construction and Real Estate Industry - TopicBrowse stories related to Construction and Real Estate Industry
Source: abcnews - 🏆 5. / 83 Read more »

Grenfell Tower report lashes UK governments, construction industry for 'decades of failure'A public inquiry into the devastating 2017 London Grenfell Tower blaze blames the disaster on failings by government, the construction industry and most of all the firms involved in fitting the exterior with flammable cladding.
Source: abcnews - 🏆 5. / 83 Read more »

Taylor felt rejected by the music industry, now she’s facing a different fight in ParisThe 26-year-old has 4 per cent vision, and she said her dreams of working in music were shattered when she was made to feel unwelcome because of her disability. She found the complete opposite in judo.
Source: brisbanetimes - 🏆 13. / 67 Read more »

Taylor felt rejected by the music industry, now she’s facing a different fight in ParisThe 26-year-old has 4 per cent vision, and she said her dreams of working in music were shattered when she was made to feel unwelcome because of her disability. She found the complete opposite in judo.
Source: smh - 🏆 6. / 80 Read more »