Oil has surged 50% since late February. Diesel is at $3 a litre. The RBA has raised rates twice this year. The cash rate is now 4.10%. And a major piping supplier just told one of Australia’s largest plumbing distributors that PVC is going up 27%. Polyethylene up 36%. Polypropylene up 31%. Freight up 10%. This is not a headline. It is a cost notice landing on every builder’s desk right now. Australia’s housing crisis was already a supply problem. It just became a supply-plus-cost problem. The gap between what we need and what we can deliver is widening in real time. (Sources: Al Jazeera March 2026, The Nightly 24 March 2026, API Magazine 17 March 2026) #OilShock #Construction #HousingCrisis #AustralianProperty #BuildingCosts
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