The Elephant in the Room
The property podcast for the thinking person.

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Episode 223: Dealing with the Construction Materials Cost Crisis | Mike Mortlock, MCG Quantity Surveying

Building materials have soared in the past few months due to the COVID pandemic.

What major implications did the pandemic have on the building industry? How are builders and developers addressing material and labour shortages? Will prices eventually normalise?

Today we’re joined by data geek Mike Mortlock of MCG Quantity Surveying to discuss the construction materials cost crisis, the current building price index, the effect of COVID on the property market, the rental loss index, and more!

If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

See you in the episode!

Episode Highlights:

  1. The workforce and supply issues brought by the pandemic [01:24]

  2. How the material and labor shortage affected builders [05:23]

  3. What are builders and developers doing to calm down the cost crisis effect? [10:08]

  4. The current building price index [15:27]

  5. How local and world issues are affecting construction costs [18:14]

  6. The price differences when building in different locations [22:25]

  7. Will prices normalise after the COVID pandemic? [25:20]

  8. COVID’s role in business restructures and livelihood [32:06]

  9. Mike’s work on the rental loss index [36:55]

  10. Rental loss index findings on vacancy rates [41:40]

  11. Good asset vs vacancy [50:05]

  12. Vacancy rates in the commercial market [54:16]

  13. Mike’s property dumbo [57:28]

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Chris Batesde-index