Building Costs in the Frame for Ongoing Housing Crisis

Houses are seen in Albany, Western Australia, on May 22, 2024. Susan Mortimer/The Epoch Times

Neither the construction union nor elevated interest rates are to blame for putting the squeeze on would-be home buyers and renters, the Reserve Bank says.

Defending the decision to keep Australia’s key rate at its post-pandemic peak, Reserve Bank of Australia (RBA) governor Michele Bullock on Aug. 16 delivered a tough message to those expecting relief.