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Property
2 mins to read

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.

Brent Melville Thu, 11 Jul 2024

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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Brent Melville Thu, 11 Jul 2024
Contact the Writer: bmelville@nbr.co.nz
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Build costs in retreat, for the first time
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