Episode 16. Should You Still Build or Renovate in 2026? Why Waiting Will Cost You More, Not Less

In early 2020, we were weeks from signing a $700,000 contract with a couple in Brunswick. Then COVID happened. They paused. Understandably. That same project today costs $1 million. The money they held onto became $300,000 extra they now have to find. We've had that conversation more times than we can count. And we're having it again.In this episode, builder Simon Clark cuts through the noise of tariffs, trade wars, and rising energy prices to answer the question coming up in almost every client conversation in 2026: is now still a good time to build?Simon starts with the numbers. Construction costs in Melbourne have risen 40 to 50 percent since 2020. On a million dollar build, that's the difference between the home you planned and one you may never be able to afford. He then makes the case for why 2026 is not a repeat of COVID. Trade availability in Melbourne right now is the best it has been in 25 years. Fuel levies are real. PVC prices have moved. But small businesses that need the work are absorbing those costs, and we are not seeing them passed on at anything like the headline figures.Simon also covers why energy-efficient, self-reliant homes have moved from aspiration to necessity. Two Victorian terrace homes Sustainable Homes Melbourne recently completed are generating energy savings of $1,600 and $2,500 per year respectively, in homes that were never ideally suited to passive solar design. In a volatile energy market, a home that reduces what you spend to live in it is not a luxury. It is a financial strategy.The episode closes with what a well-run project looks like when costs are unpredictable: open book contracting, monthly forecast versus actual reporting, early contractor involvement, and locking in key suppliers before pricing shifts. The window of good trade availability will not stay open forever. The housing shortage will bring demand back. If you have the financial backing, the case for getting started now is strong.You'll learn:Why construction costs in Melbourne are 40 to 50 percent higher than in 2020, and what that means for your budget todayHow waiting cost one Brunswick family $300,000, and why hesitation in a rising-cost market compounds over timeWhy trade availability in 2026 is better than at any point in the past 25 years, and how long that window is likely to lastHow two SHM-completed Victorian terraces now generate energy savings of up to $2,500 per year, and what made that possibleWhat open book contracting and monthly reporting actually look like in practice, and why they matter more in volatile timesHow to assess whether you are in a position to move forward with confidence right nowWho it's for: Melbourne homeowners sitting on approved plans or currently in design, who are feeling the weight of global economic uncertainty and want an honest, grounded view of whether now is the right time to build.If you'd like to know more, please reach out to Sustainable Homes Melbourne or call us on 1800 683 697.