ComCom microscope shifts to building supplies

ComCom microscope shifts to building supplies
'Significant portion' of housing costs tied to building supplies. (Image: BusinessDesk)
Brent Melville
The Commerce Commission has been given the green light to investigate the building supplies sector, with a view to slowing rampant housing inflation.Commerce and consumer affairs minister David Clark said the latest market study will commence this week.Citing the “highly concentrated” nature of some markets in the supply chain, Clark said the commission will be able to investigate factors that may affect competition.These include the supply or acquisition of key building supplies across materials used for building foundations, floor...

More Property

Townhouse sold for $275k profit in three weeks
Property

Townhouse sold for $275k profit in three weeks

The sale is one of a number involving a Barfoots agent and a property flipper.

Maria Slade 16 May 2025
Summerset launches $100m bond offer
Property

Summerset launches $100m bond offer

Summerset Group has launched a six-year bond offer to fund the repayment of previously issued debt. The retirement village and aged care company told the market on Monday that it is raising up to $100 million, with the potential to accept an additional $50m in oversubscriptions. ...

Staff reporters 12 May 2025
Leighs opts out of Scott Base build
Infrastructure

Leighs opts out of Scott Base build

The Antarctic contractor is focused on offices, healthcare and apartments.

Oliver Lewis 09 May 2025