Build costs in retreat, for the first time
Though the average home build still comes in at about $3250sqm.
Build costs moved into reverse last quarter.
Construction cost inflation moved into reverse gear for the first time in at least 12 years, dropping 1.1% during the June quarter.
That’s according to the Cordell construction cost index, which is based on the price of building a standard three-bedroom, two-bathroom brick and tile standalone
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