High land costs are behind Australia’s dodgy construction quality

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By Leith van Onselen

A consultant has blamed escalating land costs in the ACT – which has soared past $1,100 per square metre – for the proliferation of building defects across Canberra’s housing developments:

Damien Moloney made the observation during the latest round of hearings at the ACT Assembly’s building quality inquiry, which is examining the litany of problems plaguing Canberra’s development boom.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.