Property giant Stockland says we need to get creative to spark construction, Medibank pushes back on private hospitals and car dealer Eagers waits on the wealth effect.
The big result | RBA governor Michele Bullock keeps calling out rising housing construction costs as one particularly sticky inflation hot-spot. But what is it like on the ground?
Stockland’s Tarun Gupta says south-east Queensland and Western Australia are hot – both seeing costs rising towards Bullock’s quoted 5 per cent number for housing estates, while civil and land works in NSW are a more modest 2 per cent to 3 per cent higher and Victoria was relatively flat. “Demand has come off,” he said of the south-eastern state. All up, he says it is manageable.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
