Soaring Building Costs Impact Housing Supply
By Ravs Realtors · 27 September 2026 · 1 min read · Source: Domain
The cost of constructing new homes has surged by 51 per cent since 2019, according to recent figures. This significant increase is contributing to the ongoing national housing supply crisis.
Rising construction expenses could limit new development in Melbourne's western growth corridor, potentially increasing demand for existing properties. Investors might see opportunities in established homes as new builds become more costly.
Summarised by Ravs Realtors from reporting by Domain.
