Canberra builders face mounting costs as ACT introduces road closure fees

Canberra's construction sector is bracing for rising project costs following the ACT Government's introduction of new road and pathway closure fees. According to Master Builders ACT, the charges could add thousands of dollars to individual building projects, with potential knock-on effects for housing affordability across the territory.

The fees apply when builders need to close roads or pathways during construction work, a common requirement for residential and commercial projects. While such charges exist in other jurisdictions, industry representatives warn the ACT's approach could pricing pressures at a time when Canberra's housing market is already facing affordability challenges.

For homebuyers and renovators, the increased development costs may translate into higher purchase prices or building quotes. Developers argue the burden will ultimately fall on consumers, affecting the cost of new housing stock in a city already grappling with supply constraints. The construction industry has called on the ACT Government to reconsider the fee structure to avoid hampering local building activity.

Sources: citynews.com.au.

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