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AU Inflation sparks housing supply pressure
Runaway construction costs, trade shortages and an immigration backlog point to further housing deficits, experts say. Tying the scenario together is Australia's June quarter headline inflation jump to 6.1 per cent, the highest in two decades, according to national buyer's agent Pete Wargent.The BuyersBuyers co-founder says the cost of renovating and building new homes has soared off the back of the federal HomeBuilder stimulus, very high demand for trades and materials, and supply shortages. "The latest inflation figures confirm the producer price indexes for the housing construction sector are going to be very ... (full story)