Building Homes in Crisis | Sydney News

Homebuilding in Australia is exploding in cost—up nearly 30% in five years—with materials like roof tiles soaring over 70%. Queensland leads the charge, seeing a 44% spike since 2021. Meanwhile, insurers are drowning in disaster claims: 400,000 homes damaged between 2022 and 2026, costing $11.3 billion to repair. Inflation is forcing premium hikes, while builders and insurers scramble for scarce materials and labor. The result? A housing crunch where rebuilding matches new construction—and experts urge smarter solutions: build tougher homes and avoid high-risk zones to reduce future damage and free up resources.

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