Arcadis National Director Matthew Mackey discusses the construction industry’s rising costs amid labour shortages across Australia.

“Generally, what we have seen, pretty much since the pandemic is costs have risen, pretty much exponentially, well above long-term trends,” Mr Mackey told Sky News Australia.

“We are beginning to see that settle a bit now, so costs are still above average, but they are rising at, let’s say, a less significant pace than they have been.”