No winners in building materials shortage as builders, rich, vulnerable all impacted | ABC News

About This Source - ABC News (Australia)

The video item below is from ABC News (Australia). ABC News is a public news service in Australia produced by the News and Current Affairs division of the Australian Broadcasting Corporation.

Recent from ABC News (Australia):

  • How do you know your Australian prawns are actually Australian? | Landline
  • LIVE: 207 cases of COVID-19 recorded in NSW | ABC News
  • LIVE: Victorian Health Minister Martin Foley provides a COVID-19 update | ABC News
  • ABC News (Australia) published this video item, entitled “No winners in building materials shortage as builders, rich, vulnerable all impacted | ABC News” – below is their description.

    A nationwide shortage of building materials is putting pressure on Queensland’s construction industry, with fears the building boom will claim several casualties.

    The building boom was meant to be a veritable gold rush for builders but — in a cruel twist — high demand, price increases and delays have been costing them dearly.

    Sunshine Coast builder Mitch Butler thought 2021 would be one of his most profitable years, but it is turning out to be one of his worst.

    “There is going to be a lot of builders going to hurt out of this,” Mr Butler said.

    He said he was losing an average $15,000 on each house he was building.

    “I don’t think anyone saw this coming,” he said.

    “All your frames and trusses, roofs, carpenters, concrete, everything’s going up in price, but the problem for [builders] is that we’ve signed a contract, so we’re stuck at that contract price.”

    A combination of high demand, timber-destroying fires and COVID-19-related logistical delays are causing the material shortages and the subsequent rise in prices.

    On top of costs for materials, Mr Butler said, builders were also at risk of having to pay liquidated damages of $50 for each day a house was delayed after the contractual end date.

    “I’ve just ordered two frames and trusses from suppliers [and delivery will take] three and a half months,” he said.

    ABC News (Australia) YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: COVID-19

    Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

    Symptoms of coronavirus

    The main symptoms of coronavirus are:

    • a persistent new cough (non productive, dry)
    • a high temperature (e.g. head feels warm to the touch)
    • shortness of breath (if this is abnormal for the individual, or increased)

    Latest News about Covid-19

    Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

    5 Recent Items: COVID-19

  • Opposition Leader David Crisafulli calls for greater COVID testing resources | 7NEWS
  • Concerns grow over easing restrictions, unvaccinated as Delta threatens 4th COVID-19 wave
  • NSW records 207 new local cases, Queensland lockdown extended | 9 News Australia
  • LIVE: 207 cases of COVID-19 recorded in NSW | ABC News
  • 207 new local COVID-19 cases in NSW | Coronavirus | 9 News Australia
  • In This Story: Queensland

    Queensland (QLD) is an Australian state covering the continent’s northeast, with a coastline stretching nearly 7,000km. Its offshore Great Barrier Reef, the world’s largest coral reef system, hosts thousands of marine species. The city of Cairns is a gateway to the reef and tropical Daintree Rainforest. The capital, Brisbane, is flanked by the surfing beaches of the Gold and Sunshine Coasts.

    5 Recent Items: Queensland

  • Opposition Leader David Crisafulli calls for greater COVID testing resources | 7NEWS
  • NSW records 207 new local cases, Queensland lockdown extended | 9 News Australia
  • Queensland COVID Update | Outbreak grows, lockdown extended, Ekka cancelled | 7NEWS
  • Queensland lockdown extended, 13 new local COVID-19 cases | Coronavirus | 9 News Australia
  • Queensland lockdown extension fears, anti-lockdown protest concerns | Coronavirus | 9 News Australia
  • Leave a Comment