"We are expecting to see some more insolvencies.
AMP chief economist Shane Oliver said builders were feeling the same pressures hitting households and more were likely to be unable to survive the cost pressures. "As [material] costs go up, that starts to put the squeeze on them, particularly at a time when demand for new property has declined a little bit because of higher interest rates," Dr Oliver said.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
We need more houses and we need higher wages & more jobs in construction. The price of land & materials is off the show, and building restrictions make it uneconomical. We need to make it economical again by culling building restrictions. Allow them to clear land & build higher.