Builders are in crisis as construction expenses rise | WATCH

PHOTO: Builders costs are through the roof. FILE

Aussie builders are in crisis mode as construction expenses rise. The average construction expense in Australia now exceeds $400,000 as the cost of building a house has jumped more than $76,000 in a year.

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The executive director of the New South Wales Master Builders Association, Brian Seidler said, “we’re now in a position where builders are saying, ‘We’d like to renegotiate contracts. If I go and do the job, I’ll be coming out at a loss.’

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