Some property buyers are now rethinking and opting for an apartment instead of a detached house as interest rates rise.
says a round of price increases on August 1 across the group’s product portfolio of cement, concrete, gravel, asphalt and sand are the largest in five years as the company looks to claw back a sharp rise in fuel and energy prices.
declined to specify the exact size of the price increases, but said they were the largest since 2017 and came on top of previous out-of-cycle price rises implemented in January and February.Boral’s profits sunk by 32 per cent in 2021-22 as it grappled with on the eastern seaboard, which seriously disrupted construction schedules. Those delays sometimes extended for a week beyond when the rain stopped because sites were still flooded and needed to be pumped out.after a takeover bid last year.
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