this post was submitted on 08 Feb 2024
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In short: The Real Estate Institute of Queensland says high-paying government projects are pushing up the cost of construction.

An economist says growing wages are a contributing factor, but growing material costs, labour shortages, and excessive government regulations are in the way of development.

What's next?: The government has vowed to build 55,000 social houses by the year 2046.

Crazy how the wealthiest people in society are all those over paid tradies

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[–] [email protected] 12 points 9 months ago (1 children)

It's the unions, I knew it was them! Even when it was decades of government policy supporting housing as an investment vehicle, I knew it was them!