Why Building Costs Keep Rising in Melbourne’s Inner East (and How to Stay Ahead)

It’s no secret that Victoria is in the middle of a housing crunch. If you’ve tried to buy, rent, or build recently, you’ve probably felt it yourself. The numbers back it up too: dwellings under construction are down about 11% compared to last year, and new home completions are set to hit their lowest level in a decade. That means fewer homes are being built, while demand keeps climbing.