High cement prices to crane operations cost: How rising fuel prices hit Australia’s property market, choking new housing projects amid Middle East conflict
Published on: March 26, 2026, 12:42 p.m. | Source: The Economic Times
The Middle East conflict is showing its impact on Australia's property sector. Rising fuel prices and interest rates are increasing construction costs. Building material and freight expenses have surged, putting many projects at risk. Builders face higher trucking and material prices. This situation is slowing down new housing developments across the nation.
