Dwelling costs are about to be slashed

The Coalition's proposed legislation to improve construction efficiency will deal a huge blow to union power, but the community is set to reap substantial benefits.

If Tony Abbott and Eric Abetz can enact their building and construction legislation and builders can then implement efficient construction procedures, then the costs of a five-storey apartment block will fall by between 20 and 30 per cent and a high rise apartment tower by at least 10 per cent.

These are not my estimates, but were submitted to the ADC Australian Infrastructure Summit by Tony Boyd, the general manager of residential operations at building giant Australand.

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