Top News Of The Day || Why Construction Industry Is Impacted By The Shortage Of Building Materials?

Top News Of The Day :

• First up some news surrounding Melbourne’s covid clusters.. recording three new locally acquired cases of Covid-19 Melbourne will remain in circuit breaker lockdown for another week. The extended lockdown conditions will be altered from last weeks shut down, now allowing year 11 and 12 students to return to school, for essential shopping and exercise the 5km radius has been extended to 10kms.

• Queensland construction industry is being impacted by the shortage of building materials nationwide. With Australia’s housing market surging the building boom was expected to be somewhat of a cash bonus for those in the construction industry.

• This rise in prices caused by the demand was not forecast by many and comes as a surprise to the QLD workers who are affected. Materials such as trusses, roofs, frames and concrete have all gone up in price. As well as labor costs, all due to a combination of forces like Covid-19, timber destroyed in fires.

• The Sri Lankan coast line is in danger of an oil spill, after attempts to salvage a sinking chemical cargo ship on the west coast have been too slow to prevent further damage.

• Rescue crew extinguished the flames on Tuesday but with 50 tonnes of gas and 278 tonnes of bunker oil the ship that is currently being towed out to deeper waters by tug boats holds a severe environmental risk of oil spill into the Indian Ocean.


Disclaimer
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK