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Property
2 mins to read
5

Build cost inflation continues to track down

Residential construction costs slowed to 1.1% over the past year, less than half the prior year as material supply chains play catch up.

Build cost inflation down, but plasterboard still getting more expensive.

NBR Staff Fri, 10 Jan 2025

It is more expensive to build a new home in New Zealand than it was 12 months ago, but not by much.

Latest data from CoreLogic's construction cost index shows the cost to build a single storey three bedroom, two-bathroom standalone home increased by 0.6% for the December quarter, half the 1.1%

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NBR Staff Fri, 10 Jan 2025
Contact the Writer: editor@nbr.co.nz
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Tags
CoreLogic Construction houses DTIs LVR Winstone Wallboards

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