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Speaker 1: And so what sort of effect does the big construction

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Speaker 1: product announcement have on the cost of your next new build.

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Speaker 1: A whole bunch of offshore building products are going to

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Speaker 1: be allowed into the country now, meaning choice and cheaper

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Speaker 1: prices theoretically. Chris Panker is the Building and Construction Minister

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Speaker 1: is with us.

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Speaker 2: Chris, morning to you, good morning right.

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Speaker 1: Just for clarification sake, are all of these products available

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Speaker 1: as of today at Bunnings and Mitery ten and all

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Speaker 1: the other places you want to buy window frames from.

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Speaker 2: Well, they'll be stocked when the retailers make those available.

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Speaker 2: And actually some of them are already available and can

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Speaker 2: theoretically be used in this country. But the point about

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Speaker 2: specifying this pathway is that you don't have to mark

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Speaker 2: around and argue that local council about whether, according to them,

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Speaker 2: these should be legitimate or not. So in some cases

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Speaker 2: it will be an immediate effects. In another cases it

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Speaker 2: will be a rolling more of people giving hits around

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Speaker 2: the idea important and being able to use. As follows,

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Speaker 2: a lot.

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Speaker 1: Of attention on plaster board is that the bulk of

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Speaker 1: it or is there genuine savings to be made on

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Speaker 1: a variety of other stuff.

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Speaker 2: We think that nuine savings across the board speak. But

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Speaker 2: plaster board's well known as a case study because there

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Speaker 2: is market dominance with one player at ninety seven percent

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Speaker 2: usage currently, but also because of that supply chain shortage

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Speaker 2: that we had back in twenty twenty two, which sparked

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Speaker 2: a lot of the conversations about the resilients as well

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Speaker 2: as the competition more broadly, and of course the downward

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Speaker 2: pressure and prices that we need. So we've specified doors

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Speaker 2: and windows, insulation and a few other items, but more

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Speaker 2: to come as well. It's the rolling more approach.

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Speaker 1: So the numbers we got yesterday, X was more expensive

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Speaker 1: in Australia by thirty eight percent, thirty seven percent, et cetera.

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Speaker 1: In totality, if I work my butt off to get

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Speaker 1: the best product in the best price, what do I

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Speaker 1: bring my house price build down too?

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Speaker 2: Well, I mean it's had to be sopecific and get

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Speaker 2: out the crystal ball. But let's say twenty five percent

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Speaker 2: of the cost of a building is materials, which is

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Speaker 2: what we've had indicated to us, maybe even slightly more,

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Speaker 2: and so on a six hundred thousand dollars new build,

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Speaker 2: for example, that's one hundred and fifty thousand dollars up

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Speaker 2: for grabs, so you only need a small percentage across

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Speaker 2: that kind of money to actually get quite a significant

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Speaker 2: saving of tens of thousands of dollars. So we're really

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Speaker 2: optimistic it'll make a market change.

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Speaker 1: This might be an ignorant question, how do we get

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Speaker 1: ourselves into this mess in the first place?

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Speaker 2: Well, I mean it's risk aversion, and for all the

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Speaker 2: right reasons. You know, we don't want, you know, materials

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Speaker 2: that are not up to scratch, and by that I

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Speaker 2: mean not meeting unusual under standards. But if you think

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Speaker 2: about that as a natural starting point, but then go, well, actually,

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Speaker 2: are there ways we can get around that problem? There

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Speaker 2: must be something between flooding the market with cheap, nasty

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Speaker 2: materials and what we've got now. And the answer is

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Speaker 2: surely that if there are credible and comfortable countries that

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Speaker 2: use good materials according to standards that are equal or

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Speaker 2: higher to those in this country, then why wouldn't we

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Speaker 2: So that's exactly what we're doing to do.

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Speaker 1: That's up. That makes perfect sense. I don't know why

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Speaker 1: we didn't do it soon. A Chris Pink, who's the

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Speaker 1: building and construction Minister.

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Speaker 2: News Talk SETB from six am weekdays, or follow the

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